Powell: The Risks To Labor Market Were Focus Of Today's Decision

Fed’s Powell Says Tariffs Mostly Paid By Middlemen Firms; Notes They Intend To Pass On Higher Costs But Haven’t Yet Fed's Powell: I think goods inflation is contributing 0.3 or 0.4 to PCE inflation. Fed’s Powell Says Goods Inflation Was Generally Negative Over Past 25 Years; Now Running At 1.2% Over The Past Year Fed’s Powell Says Economy Isn’t Bad, But Policy Decisions Remain Challenging Powell Says "Breakeven Rate For Job Growth Has Clearly Come Way Down"

Fed's Powell: Annual jobs revision almost exactly what we expected. Fed's Powell: Data we get from BLS is still good enough to do our work. Issues with data right now are about low response rates. Fed’s Powell Says Fed Will Not Make Decisions Based On Politics; Declines To Comment On Cook’s Court Case Fed Chair Powell: Don't Know That Quarter Point Cut Will Make A Huge Difference - Have To Look At The Whole Path Of Rates, And Expectations Powell Says Artificial Intelligence Could Contribute To Hiring Slowdown

POWELL: 'PEOPLE MORE AT THE MARGINS' HAVING HARD TIME FINDING JOBS Fed's Powell: If start to see layoffs, that could quickly push up unemployment because hiring rate low. That's one reason we think it's appropriate to shift policy focus toward a more balanced one. Fed’s Powell Says Policy Shift Toward Balance Is Appropriate; Emphasizes Data-Dependent, Meeting-By-Meeting Approach Powell: We have 10 participants who wrote down 2 more cuts for the rest of the year and 9 saw less than that pic.twitter.com/rh2ezTnNrc Fed’s Powell Says Divide On Rate Path Reflects Differing Economic Views And Policy Judgments; Calls Wide Dispersion Natural In Current Situation