Powell: Event-level risk and slower growth. I will wait for clarity

• It's too early to say what will be the appropriate path for a money policy
• Prices that are tendeling to make an inflation in local locations; Colonic effects possible
• Reflect uncertainty about ending by implementing and revenge
• Becomes clear that tariffs are very larger than expected, the same is true of the economic impact
• They say that there will be a higher chance and slower growing as products of tariff
• There are more measures of long-term gravels still on the anchor
• The role of ensuring a one-time increase in price rates is a continuous inflation problem
• Outlook is very uncertain, with raised happies of citizenship and higher inflation
• Surveys show expects to pour, uncertainty more than new federal policies, particularly trade
• It is closely looking closely between hard and soft data

Q & A after the lecture will be. A glance response has been a modern decline in the preservation census settings. A limited range of funding is lower.

This is about what I expected to hear but prices are in the opportunity of cutting in May and 31 MPs in June. That means that markets see dovish move from bait in the next month. This has not come today as pushed with these views.

But still, the worst of stopping, where it could say that critering would feed incessions and make it impossible to cut expansions.

This is the main path:

We have emphasized economic pressure to recommend more taxes similar to the details, what extent and time from our trade partners. Although uncertainty is still increased, it now develops clear that the TVIF increases well than expected. The same tendered to be real about economic effects, which will bring higher and slower growth. These impacts are still unsure. While prices are very likely to increase at least a temporary in error, it is also possible to be more sustainable. Allowing that a product depends on hosting influences later, on the extent of the impact, and as long as it will be fully transferred to prices. Our role is to keep the long-term indigenotions on an acre and make sure a one-time increase in price level is not a continuous restricular problem.

It was a very short inspection and went right to questions: