Trump's Fed chair pick may come in week or so: Bessent to Yahoo

FED'S POWELL Q&A: BEEN DISCONNECT FOR SOME TIME BETWEEN SENTIMENT SURVEYS AND CONTINUING RESILIENT SPENDING; SOME CONSUMERS ECONOMIZING #Powell #FOMC #FederalReserve #economy POWELL: AI MAY CUT SOME JOBS SHORT TERM; OVERALL IMPACT UNCLEAR, POSSIBLE LINK TO LOW HIRING OF RECENT GRADS POWELL: A LOT OF GEOPOLITICAL RISKS ARE AROUND ENERGY AND OIL, SO FAR DON'T SEE MUCH POWELL: EXPECT TARIFF INFLATION TO TOP OUT ROUGHLY NEAR MIDDLE OF 2026 *POWELL: LABOR MARKET DATA IS MORE RELIABLE THAN GDP

*POWELL: STILL HAVE SOME TENSION BETWEEN EMPLOYMENT, INFLATION POWELL: TARIFFS LIKELY TO BE A ONE-TIME PRICE INCREASE POWELL: MOST OF THE OVERRUN IN INFLATION IS FROM TARIFFS, NOT DEMAND POWELL: CORE PCE EX-EFFECTS OF TARIFFS ON GOODS IS RUNNING JUST A BIT ABOVE 2% POWELL: EXPECT WILL SEE TARIFF EFFECT ON GOODS PEAKING AND THEN COMING DOWN THIS YEAR POWELL: IF WE SEE THAT, WOULD TELL US WE CAN LOOSED POLICY *POWELL: TARIFFS LIKELY TO BE A ONE-OFF PRICE INCREASE *POWELL: DECLINES TO COMMENT ON WORKING WITH NEW CHAIR *POWELL: HARD TO SAY IF MANDATE RISKS ARE FULLY BALANCED *POWELL: SHORT-TERM INFLATION EXPECTATIONS HAVE FULLY RETRACED POWELL: NOT A LOT OF DATA THAT SUGGESTS THERE IS MUCH TO THE STORY ABOUT FOREIGN INVESTORS HEDGING THEIR DOLLAR ASSETS

POWELL: DON'T TAKE MUCH MESSAGE FROM RISE IN PRICE FOR GOLD POWELL: CLEAR-EYED ON WHETHER PRODUCTIVITY GAINS PERSIST; SAYS HIGHER PRODUCTIVITY AFFECTS INFLATION THINKING