Jerome Powell: Fed chair speaks at Harvard

FED CHAIR POWELL SAYS THERE ARE CONFLICTS BETWEEN THE FED'S TWO GOALS. FED CHAIR POWELL SAYS IT'S LOGICAL THAT THERE'S NO CONSENSUS RIGHT NOW. ... Powell downplays dissent on the Fed's board and says you would expect disagreement when there are both downside employment and upside inflation risks that are growing. "Confidence is what you feel before you really understand the problem." POWELL: OVERALL THE RESEARCH TENDS TO FIND THAT BUYING LONG-TERM ASSETS LOWERS RATES AND SUPPORTS THE ECONOMY POWELL: I'D BE IN THE CAMP THAT THERE IS SOMETHING TO THAT POWELL: THE TARIFF INFLATION IS LIKELY A ONE-TIME PRICE INCREASE, ADDING 0.5% TO 1.0% TO INFLATION ...

FED CHAIR POWELL SAYS CURRENT POLICY IS STABLE AND CAN WAIT TO ASSESS THE SITUATION. ... *POWELL: FED'S TOOLS HAVE NO MEANINGFUL EFFECT ON SUPPLY SHOCKS can't print oil Fed's Powell: We are watching private credit closely. *POWELL: FED SHOULDN'T TRY TO REGULATE RISK OUT OF EXISTENCE *POWELL: US ECONOMY REMAINS DYNAMIC AND PRODUCTIVE

Trump on Iran: Will completely obliterate all of Iran's electric generating plants, oil wells, and Kharg Island if a deal is not reached The United States of America is in serious discussions with A NEW, AND MORE REASONABLE, REGIME to end our Military Operations in Iran. Great progress has been made but, if for any reason a deal is not shortly reached, which it probably will be, and if the Hormuz Strait is not immediately “Open for Business,” we will conclude our lovely “stay” in Iran by blowing up and completely obliterating all of their Electric Generating Plants, Oil Wells and Kharg Island (and possibly all desalinization plants!), which we have purposefully not yet “touched.” This will be in retribution for our many soldiers, and others, that Iran has butchered and killed over the old Regime’s 47 year “Reign of Terror.” Thank you for your attention to this matter. President DONALD J. TRUMP