President Trump Participates in a Press Conference with the Prime Minister of the State of Israel

MUSALEM: EXPECT INFLATION TO BE ELEVATED FOR TWO OR THREE QUARTERS Fed's Musalem: The impact of tariffs has been more muted than expected, only responsible for perhaps 10% of current inflation. Fed's Musalem: The Fed needs to tread cautiously. *MUSALEM: RATES ARE BETWEEN MODESTLY RESTRICTIVE AND NEUTRAL *FED'S MUSALEM: MOST INFLATION NOT TARIFF DRIVEN

Fed's Williams: Monetary policy continues to be restrictive, we're still in a position to put downward pressure on inflation. FED'S WILLIAMS: FED STILL HAS A WAYS TO GO TO GET TO 2% INFLATION GOAL Fed's Williams: Tariffs have had a modest or moderate inflation impact. Fed's Williams: My model's estimate for the real neutral rate is 0.75%. Fed's Williams: The neutral rate is important, but policy is driven by data.

TRUMP: WE ARE BEYOND VERY CLOSE ON GAZA PEACE DEAL Trump: Netanyahu agreed to the plan to bring an end to the war. *TRUMP: I'M HEARING THAT HAMAS WANTS TO GET THIS DONE, TOO *TRUMP: ISRAEL WILL WITHDRAW FORCES IN PHASES *TRUMP: ARAB STATES WILL DEAL WITH HAMAS *TRUMP: TRANSITIONAL AUTHORITY IN GAZA WILL WORK WITH PARTIES *TRUMP: IF HAMAS NOT DEALT WITH, ISRAEL HAS US' FULL BACKING