Elizabeth Warren actually said...
Even if the Fed did succeed in the Herculean task for getting the unemployment rate down to 7 percent, we could never be sure that the unemployment rate was below what we call the 'natural rate,' in which case it would give rise to a rising inflation rate in the next few years, which would be disastrous for the economy.
Context
Warren critiques past Fed predictions regarding unemployment and inflation.
01/22/2018