Federal Reserve Chairman Jerome Powell's opening remarks at the press conference: The economy remains robust.
The labor market is at or near full employment.
Inflation has significantly slowed.
The risks of rising unemployment and rising inflation have increased.
Wage growth continues to trend moderate.
Many indicators show that the labor market is generally balanced.
Short-term inflation expectations have risen.
Many survey results indicate that tariffs have raised inflation expectations.
Most long-term indicators are consistent with the 2% inflation target.
Trade issues complicate the measurement of GDP

Federal Reserve Chairman Jerome Powell's opening remarks at the press conference: The economy remains robust. The labor market is at or near full employment. Inflation has significantly slowed. The risks of rising unemployment and rising inflation have increased. Wage growth continues to trend moderate. Numerous indicators show that the labor market is generally balanced. Short-term inflation expectations have risen. Many survey results indicate that tariffs are raising inflation expectations. Most long-term indicators are consistent with the 2% inflation target. Trade issues complicate the measurement of GDP

Powell: Numerous survey results indicate that tariffs raise inflation expectations