Fed Chair Powell (Q&A) reiterates Fed is committed to bringing inflation back down to 2% sustainably

Events keep happening which drive up costs; best thing the Fed can do is use tools to guide inflation back to target
Getting to target quickly could be costly
Fed must get it done over time, doing the least amount of damage
Reiterates growth is solid; consumer spending is hanging in well
Also notes insatiable appetite for data centres
Unemployment rate is pretty close to natural rate
Does not feel like a good labour market to some due to low quits and low highers with no new job creation
It is an unusual, uncomfortable balance in the labour markets
Inflation is the thing to work on; thinks tariff inflation should subside this year, should start happening soon
Policy in a good place to hold and await developments