Coin Bureau, relaying another source: Unemployment will rise to 4.6%

The window it was checked over

Unemployment rate: U.S. Bureau of Labor Statistics via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

the U.S economy has slowed and that annual GDP growth will probably be around 0.5 percent for this year and the year after this is significant because such low growth is consistent with recessionary conditions however Jerome pointed out that the labor market continues to be strong with unemployment at a 50-year low an average wage growth being much higher than the fed's two percent Target now this relates to an economic theory called the wage price spiral which states that higher wages contribute to inflation Jerome then dropped another bombshell and that's that the FED expects unemployment to spike to over 4.6 percent next year to put things into perspective the unemployment rate is currently around 3.7 percent a one percent increase in unemployment in such a short time has historically been associated with recessions Jerome went on to cite personal consumption expenditures or pce data the fed's favorite inflation measure along with the aforementioned CPI he acknowledged that both appear to be coming down but said that the FED needs to see quote substantially more evidence that inflation is declining Jerome also revealed that the FED sees inflation risks as being skewed to the upside

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.