Powell: Labor market seems to have significant downside risks

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: DOESNT FEEL LIKE A HOT ECONOMY Fed's Powell: The tick up in the Fed funds rate says we're at ample reserves. Fed's Powell: We got to ample reserves a little faster than we had thought we would. Fed's Powell: Frontloading next few months of purchases to get through tax season. FED POWELL: WHEN BOTH GOALS ARE EQUALLY AT RISK, POLICY SHOULD BE AT NEUTRAL.