02:40:28
Federal Reserve Chairman Powell: Many companies expect to pass on some or all of the tariff costs to end consumers.
02:40:26
Federal Reserve Chairman Powell: The softening of core service prices will help cool inflation.
02:40:12
Federal Reserve Chairman Powell: We are starting to see some impacts of tariffs and expect more impacts in the future.
02:40:02
Federal Reserve Chairman Powell: The easing of inflation data is partly due to the cooling of the housing market.
02:39:57
Federal Reserve Chairman Powell: It will take some time for tariff measures to be transmitted to consumers.
02:39:46
Federal Reserve Chairman Powell: Commodity prices have seen some increases recently, and this trend is expected to continue during the summer.
02:39:37
Federal Reserve Chairman Powell: After the framework review, we will consider strengthening the economic forecast summary.
02:39:31
Federal Reserve Chairman Powell: The Federal Reserve will consider improving communication tools, such as the dot plot.
02:38:41
Federal Reserve Chairman Powell reiterated that he will stick to the goal of achieving a sustainable inflation of 2%.
02:38:16
Federal Reserve Chairman Powell: The framework review will be completed by the end of this summer, and we will consider whether to adjust the communication strategy at that time.
02:38:05
Federal Reserve Chairman Powell: The FOMC forecast is not a plan.
02:37:43
Federal Reserve Chairman Powell: There is uncertainty in the forecasts of FOMC policymakers, and this uncertainty is unusually high.
02:37:31
Federal Reserve Chairman Powell: The Fed will work hard to prevent one-time inflation from turning into a deep-rooted situation.
02:33:04
Federal Reserve Chairman Powell: Multiple indicators show that the economy is close to maximum employment.
02:32:37
Federal Reserve Chairman Powell: The unemployment rate has remained within a narrow range and at a low level.
02:32:26
Federal Reserve Chairman Powell: Market sentiment has deteriorated, reflecting concerns about trade policy.
02:32:18
Federal Reserve Chairman Powell: It remains to be seen how market sentiment will affect spending.
02:32:13
Federal Reserve Chairman Powell: Inflation has declined but is still above target.
02:31:43
Federal Reserve Chairman Powell: Unusual fluctuations in net exports make GDP measurement more complicated.
02:31:04
Federal Reserve Chairman Powell: The current policy stance puts us in a favorable position.