WH Advisor Hassett: 25 Bps Cut Would Be A Small Step In Right Direction; Fed Will Probably Need To Do Some More

Fed's Powell: AI is probably part of the weak jobs story, but not a big part. FED POWELL: WE’RE HEARING A LOT ABOUT A K-SHAPED ECONOMY, AND WE DON’T YET KNOW THE ECONOMIC IMPACT IF TARIFFS ARE STRUCK DOWN. Fed Chair Powell: Views Are Varied Among Governors And Among Presidents - People On Both Sides In Both Groups Of Policymakers FED'S POWELL Q&A: DON'T THINK A QUARTER POINT CUT GOING TO IMPROVE HOUSING MKT MUCH; SHORTAGE OF HOUSES BEYOND TOOLS OF THE FED #Powell #FOMC #FederalReserve #economy Fed's Powell: There is a risk that tariff inflation turns out to be more persistent.

Fed's Powell: Implication of Fed forecasts is higher productivity. POWELL: OUR TWO GOALS ARE A BIT IN TENSION POWELL: EVERYONE AT TABLE AGREES INFLATION IS TOO HIGH Fed's Powell: All agree the labour market has softened, and there are further risks. FED POWELL: DISCUSSIONS ARE THOUGHTFUL AND RESPECTFUL WITH STRONG VIEWS, BUT WE COME TOGETHER TO REACH DECISIONS, AND THERE WAS BROAD SUPPORT FOR TODAY’S DECISION.

Fed's powell: It is a less likely possibility that the labour market gets tight and boosts inflation; not particularly likely. Fed's Powell, when asked if we are seeing a positive productivity shock: Yes.