Jerome Powell: Fed chair speaks at Harvard

G7: CENTRAL BANKS ARE STRONGLY COMMITTED TO PRICE STABILITY. ... G7 URGES EVERY NATION TO AVOID UNFAIR EXPORT RESTRICTIONS ON OIL AND RELATED GOODS. ...

Fed's Miran: Inflation expectations not yet affected by higher oil prices. FED'S MIRAN SAYS IT'S IRRATIONAL FOR COLLEAGUES TO CHANGE THEIR POSITIONS DUE TO OIL PRICES. Fed's Miran: Markets are volatile in the middle of a war. *MIRAN: THE FED COULD GRADUALLY REDUCE BY A POINT OVER A YEAR FED'S MIRAN: INFLATION IS HEADING BACK TO TARGET A YEAR FROM NOW. ...

FED CHAIR POWELL SAYS THERE ARE CONFLICTS BETWEEN THE FED'S TWO GOALS. FED CHAIR POWELL SAYS IT'S LOGICAL THAT THERE'S NO CONSENSUS RIGHT NOW. ... Powell downplays dissent on the Fed's board and says you would expect disagreement when there are both downside employment and upside inflation risks that are growing. "Confidence is what you feel before you really understand the problem." POWELL: OVERALL THE RESEARCH TENDS TO FIND THAT BUYING LONG-TERM ASSETS LOWERS RATES AND SUPPORTS THE ECONOMY POWELL: I'D BE IN THE CAMP THAT THERE IS SOMETHING TO THAT POWELL: THE TARIFF INFLATION IS LIKELY A ONE-TIME PRICE INCREASE, ADDING 0.5% TO 1.0% TO INFLATION ...