What Jerome said, and whether it held.
Didn’t hold up
Jerome Powell
Former Chair (2018 to 2026) · U.S. Federal Reserve
True?
40% true to 827 calls
Monetary PolicyDovish
Powell called inflation “transitory.” It wasn’t.
“We tend to use the word transitory to mean that it won't leave a permanent mark in the form of higher inflation. I think it's probably a good time to retire that word.”
Nov 30, 2021·2 receipts
Played out
Jerome Powell
Former Chair (2018 to 2026) · U.S. Federal Reserve
True?
64% true to 447 calls
Monetary PolicyDovish
“Not even thinking about thinking about raising rates.”
“We're not thinking about raising rates. We're not even thinking about thinking about raising rates.”
Jun 10, 2020·2 receipts
Played out
Jerome Powell
Former Chair (2018 to 2026) · U.S. Federal Reserve
True?
64% true to 373 calls
Monetary PolicyHawkish
Powell warned of “some pain.” He meant it.
“While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation.”
Aug 26, 2022·2 receipts
Partly right
Jerome Powell
Former Chair (2018 to 2026) · U.S. Federal Reserve
True?
48% true to 327 calls
Monetary PolicyNeutral
Starting to cut, Powell saw no downturn coming.
“I don't see anything in the economy right now that suggests that the likelihood of a downturn is elevated.”
Sep 18, 2024·1 receipts