Powell: If we don't see inflation progress, won't see rate cut

POWELL: INFLATION EXPECTATIONS IN NEAR TERM HAVE RISEN POWELL: LAST YEAR'S RATE CUTS BRING TO PLAUSIBLE ESTIMATE OF NEUTRAL ... POWELL: THERE WILL BE SOME EFFECTS ON INFLATION COMING FORWARD *POWELL: HIGHER ENERGY PRICES WILL PUSH UP OVERALL INFLATION *POWELL: TOO SOON TO KNOW FULL ECONOMIC EFFECTS FROM MIDDLE EAST

POWELL: IMPLICATIONS OF MIDDLE EAST DEVELOPMENTS UNCERTAIN Fed's Powell: Consumer spending is resliient. *POWELL: NEAR-TERM INFLATION EXPECTATIONS ARE UP IN RECENT WEEKS *POWELL: UNEMPLOYMENT RATE HAS CHANGED LITTLE SINCE LAST SUMMER POWELL: ESTIMATE FEB PCE INFLATION 2.8%, CORE PCE AT 3.0%

FED'S POWELL: PAST RATE CUTS SHOULD HELP STABILIZE THE LABOR MARKET. ... POWELL: INFLATION OVERSHOOT IS MAINLY FROM GOODS AND TARIFFS ... Fed's Powell: A long period of higher gas prices would weigh on consumption, but I don't know if that will happen. FED'S POWELL: IF EVER GOING TO SKIP AN SEP, THIS WOULD BE A GOOD ONE ... *POWELL: OIL SHOCK WILL PUT SOME DOWNWARD PRESSURE ON EMPLOYMENT

Fed's Powell: We're very strongly committed to keeping inflation expectations anchored at 2%. *POWELL: FED IS IN DIFFICULT SITUATION, NEEDS TO BALANCE RISKS POWELL: WHERE POLICY IS NOW IS THE RIGHT PLACE TO BE Fed's Powell: We don't want too restrictive a policy because of downside labor market risks. Fed's Powell: It is frustrating that non-housing services inflation hasn't come down.

FED'S POWELL: I HAVE NO INTENTION OF LEAVING THE FED BOARD UNTIL THE DOJ PROBE IS OVER. FED'S POWELL: IF NO FED CHAIR IS CONFIRMED BY THE END OF MY TERM, I WOULD SERVE AS CHAIR PRO TEM. - FINANCIALJUICE ... *POWELL: LABOR MARKET DOES HAVE A FEEL OF DOWNSIDE RISK *POWELL: A GOOD NUMBER ARE CONCERNED ABOUT LOW JOB CREATION Fed's Powell: A zero employment growth equilibrium is balanced, but it has the feel of a downside risk. *POWELL: THIS ENERGY SUPPLY SHOCK IS A ONE-TIME THING FED'S POWELL: NOT LEAVING BOARD UNTIL DOJ PROBE IS "WELL AND TRULY OVER"; NO DECISION YET ON STAYING IF PROBE CONCLUDES; WILL DO WHAT'S BEST FOR FED AND THE PEOPLE WE SERVE ...