RUSH TRANSCRIPT That s ░░░░░░░░ best way for a ░░░░░░░░ Charles all right folks ░░░░░░░░ Powell taking questions I ░░░░░░░░ to jump in here ░░░░░░░░ a moment bring back ░░░░░░░░ DiMartino and gabriela Santos ░░░░░░░░ would say maybe 70 ░░░░░░░░ the questions were goading ░░░░░░░░ attempting to goad Powell ░░░░░░░░ versus Trump policies The ░░░░░░░░ first question out the ░░░░░░░░ we got a question ░░░░░░░░ DEI I can t ░░░░░░░░ it Of course that ░░░░░░░░ of pissed him off ░░░░░░░░ little bit And the ░░░░░░░░ question we were just ░░░░░░░░ to independence of politics ░░░░░░░░ thought there d be ░░░░░░░░ a good time to ░░░░░░░░ in and see danielle ░░░░░░░░ statement Early on that ░░░░░░░░ to be the story ░░░░░░░░ Charles the statement was ░░░░░░░░ to be hawkish but ░░░░░░░░ re saying no if ░░░░░░░░ listen to Powell he ░░░░░░░░ not hawkish Inflation reports ░░░░░░░░ a row and he ░░░░░░░░ not to read too ░░░░░░░░ into the statement and ░░░░░░░░ yields Charles but he ░░░░░░░░ we re going to ░░░░░░░░ into the statement the ░░░░░░░░ knows that To read ░░░░░░░░ the statement but Charles ░░░░░░░░ single word in the ░░░░░░░░ can take one or ░░░░░░░░ hours per concern in ░░░░░░░░ meeting Every single word ░░░░░░░░ means he has to ░░░░░░░░ a consensus They provide ░░░░░░░░ with three or four ░░░░░░░░ statement options and this ░░░░░░░░ committee has to decide ░░░░░░░░ what every single word ░░░░░░░░ going to say He ░░░░░░░░ talked down the statement ░░░░░░░░ with his own views ░░░░░░░░ gabriela when he started ░░░░░░░░ S P was at ░░░░░░░░ we re at 6048 ░░░░░░░░ it looks like heir ░░░░░░░░ the markets are still ░░░░░░░░ for that moment that ░░░░░░░░ right Not sure where ░░░░░░░░ go We know a ░░░░░░░░ of times the last ░░░░░░░░ of trading can be ░░░░░░░░ What are you seeing ░░░░░░░░ far And I do ░░░░░░░░ this is a fairly ░░░░░░░░ we say boring fed ░░░░░░░░ and I do think ░░░░░░░░ Charles he doused it ░░░░░░░░ good at the beginning ░░░░░░░░ got back to to ░░░░░░░░ s about policy not ░░░░░░░░ and he talked down ░░░░░░░░ perhaps hawkish tone that ░░░░░░░░ statement had on inflation ░░░░░░░░ went even further being ░░░░░░░░ dovish on inflation The ░░░░░░░░ market is not a ░░░░░░░░ of inflation pressure He ░░░░░░░░ long run inflation expectations ░░░░░░░░ well anchored Yet there ░░░░░░░░ cheerily different views within ░░░░░░░░ clearly different views within ░░░░░░░░ committee Charles on a ░░░░░░░░ of 1 5 is ░░░░░░░░ back on the table ░░░░░░░░ in your mind They ░░░░░░░░ reactive to policy and ░░░░░░░░ 1st is an important ░░░░░░░░ for review of trade ░░░░░░░░ We might get tariff ░░░░░░░░ which clearly members of ░░░░░░░░ committee Charles you think ░░░░░░░░ might be in play ░░░░░░░░ I think he is ░░░░░░░░ to truly be data ░░░░░░░░ as opposed the being ░░░░░░░░ by old politics which ░░░░░░░░ said about 30 different ░░░░░░░░ If we see jobs ░░░░░░░░ hard to get type ░░░░░░░░ reports I think March ░░░░░░░░ and the revisions they ░░░░░░░░ major revisions that 000 ░░░░░░░░ month that that they ░░░░░░░░ incorrectly that they then ░░░░░░░░ out of April may ░░░░░░░░ June of 2024 These ░░░░░░░░ huge revisions that the ░░░░░░░░ s having to contend ░░░░░░░░ and it s very ░░░░░░░░ to make policy this ░░░░░░░░ Charles ladies thank you ░░░░░░░░