Powell: 'People more at the margins' having hard time finding jobs

Fed’s Powell Says No Broad Support For 50 Bps Cut; No Need To Move Quickly On Rates, Waiting Was The Right Call Fed's Powell: Risk of higher inflation are less than they were in April. Fed Chair Powell: Could Think Of Today's Cut As A Risk Management Cut Fed's Powell: Not all of what is happening in the labor market is due to immigration. There's a clear slowing in demand. Fed Chair Powell: Our Job Is To Make Sure It Is A One-Time Rise In Inflation, And We Will Do That Job - Case For There Being A Persistent Inflation Outbreak Are Less

POWELL: EXPECT TARIFF-DRIVEN PRICE INCREASES TO CONTINUE THIS YEAR AND NEXT Fed's Powell: It's possible tariffs are a reason for some slowing in labor market. Fed's Powell: Increase in goods prices accounts for most of inflation increase this year. *POWELL: REVISED JOBS NUMBERS MEAN LABOR MARKET NO LONGER SOLID Fed's Powell: Change in balance of risks suggests need to move in direction of neutral.

POWELL: INFLATION HAS RISEN RECENTLY, REMAINS SOMEWHAT ELEVATED Fed Chair Powell: Inflation Has Risen Recently, Remains Somewhat Elevated - Moderation In GDP Growth Largely Reflects Consumer Spending Slowdown - Payroll Job Gains Have Slowed Significantly, Reflecting Lower Immigration, Lower Participation Fed's Powell: Inflation for goods has picked up, disinflation for services continuing. Fed's Powell: Beyond next year most inflation-expectation measures consistent with 2% goal. Fed’s Powell Says Individual Forecasts Are Not A Plan; Policy Not On A Preset Course

Fed's Powell: Annual jobs revision almost exactly what we expected. Fed's Powell: Data we get from BLS is still good enough to do our work. Issues with data right now are about low response rates. Fed’s Powell Says Fed Will Not Make Decisions Based On Politics; Declines To Comment On Cook’s Court Case Fed Chair Powell: Don't Know That Quarter Point Cut Will Make A Huge Difference - Have To Look At The Whole Path Of Rates, And Expectations Powell Says Artificial Intelligence Could Contribute To Hiring Slowdown

Fed’s Powell Says Tariffs Mostly Paid By Middlemen Firms; Notes They Intend To Pass On Higher Costs But Haven’t Yet Fed's Powell: I think goods inflation is contributing 0.3 or 0.4 to PCE inflation. Fed’s Powell Says Goods Inflation Was Generally Negative Over Past 25 Years; Now Running At 1.2% Over The Past Year Fed’s Powell Says Economy Isn’t Bad, But Policy Decisions Remain Challenging Powell Says "Breakeven Rate For Job Growth Has Clearly Come Way Down"

Fed Chair Powell: It's The Risks To Labor Market That Were Focus Of Today's Decision Federal Reserve Chair Powell Says This Week's Data Indicates Consumer Spending Is More Robust Than Predicted Fed's Powell: Would need big Fed rate changes to matter for housing sector. Fed Chair Powell: Besides The Outlier Of UMICH Survey, Longer-Term Inflation Expectations Have Been Rock Solid