Jerome Powell actually said...

if this process leads to a world of higher tariffs on a wide range of goods and services that are traded and those are sustained for a longe...

I think a more protectionist approach to trade, if it is sustained over a period of time, has not historically been good for economies.

Trade is really the business of Congress, and Congress has delegated some of that to the Executive Branch.

It is unsustainable to have effectively the U.S. housing finance system on the government's books for the long run.