Powell: Rates are within range of plausible neutral estimates

POWELL: RISE IN LONG RATES MAY BE DUE TO EXPECTATIONS FOR HIGHER GROWTH Fed's Powell: Nothing happening in long rates that suggests concern about inflation in the long run. POWELL: WE HEAR LOUD AND CLEAR HOW PEOPLE ARE EXPERIENCING HIGHER COSTS Fed's Powell: Will need to have some years where wages outpace inflation for people to feel good about affordability. POWELL: WE WILL DELIVER 2% INFLATION

POWELL: HAVENT MADE A DECISION ON JANUARY Fed's Powell: We're now in the high end of the range for neutral. Fed's Powell: If no new tariff announcements, inflation from goods should peak in Q1. Fed's Powell: From here, the peak should be a couple of tenths higher, or less, on inflation. Fed's Powell: Inflation compensation at very comfortable levels.

POWELL: SOME PEOPLE FEEL WE SHOULD STOP HERE AND WAIT FED POWELL: SOME THINK WE SHOULD PAUSE AND WAIT, WHILE OTHERS THINK WE SHOULD CUT ONCE OR MORE. Fed's Powell: The unemployment rate may only tick up one, two more tenths. Fed's Powell: Don't expect a sharper downturn in employment with rates in a plausible range of neutral. Fed's Powell: We have made progress this year in non-tariff related inflation.