Jerome Powell actually said...

It is a very important sector of the economy for the reasons you point out.

We are strongly committed to bringing inflation back down, and we are moving expeditiously to do so.

We really need to restore price stability, and get inflation back down to 2 percent, because without that, we are not going to be able to ha...

That could be right. It could also just be, though, that demand is incredibly strong and that they are raising prices because they can.