Powell emphasizes patience amid Trump pressure in House testimony

Fed's Powell: I think we'll see tariff inflation in the June and July numbers. Fed's Powell: If it turns out inflation pressures are contained, we will get to a place where we cut rates. FED'S POWELL Q&A: CAN'T SAY WHETHER JULY MEETING COULD LIKELY CUT RATES; HAVE TO SEE HOW INFLATION AND JOBS DATA PROGRESS #Powell #FederalReserve #economy Q to Powell: Taylor rules say you should be looking through this. Powell: That's right. Q: So why aren't you cutting rates? Powell: Taylor rules say we're right where we should be. And one of them shows rates should actually be higher.

BREAKING: Powell Says Federal Reserve Will Focus on Economy Not Politics When Setting Interest Rates. Powell: If not for the expectations of higher inflation this year from tariffs, "we would have continued cutting." POWELL: AS LONG AS ECONOMY STRONG WE CAN TAKE A LITTLE BIT OF A PAUSE HERE FED'S POWELL Q&A: REPEATS, US FISCAL POPOLICY ;ON AN UNSUSTAINABLE PATH' AND LIMITING VIEWS OF FISCAL POLICY TO THAT #Powell #FederalReserve #economy Federal Reserve Chair Powell Says Rate Cuts Will Continue When Appropriate

Fed’s Powell: In Housing, There's A Longer-run Shortage That Fed Cannot Affect - Absolute Best Thing We Can Do For Housing Is To Restore Price Stability Fed's Powell: Rental inflation is now coming down quite regularly. FED'S POWELL Q&A: CONCERNED ABOUT TRAJECTORY OF CUTBACKS ON RESOURCES OF STATISTICAL AGENCIES LIKE BLS; SEEN 'MILD DEGREDATION' SO FAR IN GOVT DATA #Powell #FederalReserve #economy Fed's Powell: We expect tariff inflation to show up more, but we don't know how much will be passed to consumers. Powell Says Current Rates Are High With Much More Room to Cut Than When Rates Were Near Zero.

Hello, everyone. I’m so pleased to be here today. One of the most enjoyable parts of my job is meeting with business and community leaders to learn more about our local economies—their challenges and opportunities, their long-established businesses and new industries. It’s fitting that I started my visit in Schenectady, known as “The City that Lights and Hauls the World.” And now I’m here at the Albany NanoTech Complex, a hub for innovative, cutting-edge nanotechnologies. Both cities, just 20 miles apart, have made—and continue to make—important contributions to our regional and national economies. I’ll talk a bit about that today, although my focus will be on the U.S. economy. I’ll discuss what the soft and hard data are telling us, and how the totality of the data is informing my outlook for the economy. Before I go further, I must give the standard Fed disclaimer that the views I express today are mine alone and do not necessarily reflect those of the Federal Open Market Committee (FOMC) or others in the Federal Reserve System. FED’S WILLIAMS: MODESTLY RESTRICTIVE MONETARY POLICY GIVES SPACE TO EXAMINE NEW DATA U.S. ECONOMY IN GOOD PLACE, JOB MARKET IS STILL SOLID UNCERTAINTY, TARIFFS AND REDUCED IMMIGRATION WILL SLOW ECONOMY U.S. ECONOMY LIKELY TO GROW AROUND 1% THIS YEAR EXPECTS UNEMPLOYMENT… Fed's Williams expects unemployment rate to rise to around 4.5% by year’s end. Fed's Williams: Tariffs will boost inflation to 3% this year