POWELL'S PRESS CONFERENCE SUMMARY :
#POWELL: NEAR-TERM #INFLATION EXPECTATIONS HAVE MOVED UP, #TARIFFS DRIVING FACTOR
POWELL: MOST MEASURES OF LONGER-TERM INF. CONSISTENT WITH GOAL
POWELL: FOR THE TIME BEING, WELL POSITIONED TO WAIT BEFORE POLICY ADJUSTMENTS
POWELL: FOR THE TIME BEING, WELL POSITIONED TO WAIT BEFORE POLICY ADJUSTMENTS
POWELL: BEGINNING TO SEE SOME TARIFF EXPECTS, EXPECT MORE IN COMING MONTHS
POWELL: TAKES SOME TIME FOR TARIFFS TO WORK WAY TO CONSUMER
POWELL: EXPECT TO SEE MORE IN GOODS INFLATION THIS SUMMER
POWELL: HARD TO KNOW HOW TO REACT UNTIL TARIFF EFFECTS KNOWN
POWELL: WILL MAKE SMARTER DECISION IF WE WAIT A COUPLE OF MONTHS
POWELL: POLICY IS NOW MODESTLY RESTRICTIVE. POLICY IS NOT VERY