Jerome Powell

“very, very low, nonexistent, really”

Jerome Powell · said date not stated · reported 2026-07-08

Powell told reporters the economy was seeing very low growth in the labor force.

“Higher tariffs have begun to show through more clearly to prices of some goods, but their overall effects on economic activity and inflation remain to be seen.”

Jerome Powell · said date not stated · reported 2025-07-29

Federal Reserve Chair Jerome Powell discussed the emerging economic effects of higher tariffs on inflation.

“Our obligation is to keep longer-term inflation expectations well anchored and to prevent a one-time increase in the price level from becoming an ongoing inflation problem,”

Jerome Powell · said date not stated · reported 2025-07-29

Federal Reserve Chair Jerome Powell emphasized the central bank's commitment to keeping inflation expectations anchored.

“There’s no [VIP] dining room. There’s no new marble. We took down the old marble, we’re putting it back up. We’ll have to use new marble where some of the old marble broke. But there’s no special elevators. There’s just old elevators that have been there.”

Jerome Powell · said 2025-06-25 · reported 2025-07-24

Powell testified before the Senate banking committee regarding features of the Fed headquarters renovation.

“I haven’t heard that.”

Jerome Powell · said 2025-07-24 · reported 2025-07-24

Powell responded to Trump's claim that Fed headquarters renovation costs had ballooned to about $3.1 billion.

“In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs,”

Jerome Powell · said date not stated · reported 2025-07-16

Jerome Powell stated that tariffs prompted the Federal Reserve to pause easing monetary policy.

“There’s no new marble. ... There are no special elevators. There are no new water features. ... And there’s no roof terrace gardens.”

Jerome Powell · said date not stated · reported 2025-07-16

Jerome Powell denied the inclusion of specific upscale features in the Fed's headquarters renovation.

“There’s no VIP dining room,”

Jerome Powell · said date not stated · reported 2025-07-16

Jerome Powell disputed claims of luxury upgrades in the Fed's renovation project during a Senate hearing.

“There are no new water features, there’s no beehives, and there’s no roof terrace gardens.”

Jerome Powell · said 2025-06-25 · reported 2025-07-11

Jerome Powell denied the presence of various lavish features in the Federal Reserve's headquarters renovation.

“There’s no VIP dining room. There’s no new marble. There are no special elevators,”

Jerome Powell · said 2025-06-25 · reported 2025-07-11

Jerome Powell pushed back against reports of lavish renovations at the Federal Reserve headquarters during a Senate hearing.