Fed Chair Powell: ‘We’ve Had Two Very Strong Goods Inflation Readings in the Last Two Months, Which Is Very Unexpected’

Reporter So then have ░░░░░░░░ seen the administration the ░░░░░░░░ administration s policies in ░░░░░░░░ numbers yet and when ░░░░░░░░ you anticipate that happening ░░░░░░░░ In labor or in ░░░░░░░░ Reporter In labor and ░░░░░░░░ just across the economy ░░░░░░░░ we started to see ░░░░░░░░ new policies take effect ░░░░░░░░ the numbers Powell I ░░░░░░░░ know only in kind ░░░░░░░░ a early way I ░░░░░░░░ it s only been ░░░░░░░░ few months right For ░░░░░░░░ the layoffs that are ░░░░░░░░ here are they re ░░░░░░░░ meaningful to the people ░░░░░░░░ and they may be ░░░░░░░░ to a particular neighborhood ░░░░░░░░ a region or area ░░░░░░░░ at the national level ░░░░░░░░ re not significant yet ░░░░░░░░ we don t know ░░░░░░░░ don t know what ░░░░░░░░ far that will go ░░░░░░░░ ll find out much ░░░░░░░░ I mentioned that you ░░░░░░░░ we ve had two ░░░░░░░░ very strong goods inflation ░░░░░░░░ in the last two ░░░░░░░░ which is very unexpected ░░░░░░░░ think hard to trace ░░░░░░░░ to specific tariffs but ░░░░░░░░ must have it must ░░░░░░░░ something to do with ░░░░░░░░ s either noise and ░░░░░░░░ will come back and ░░░░░░░░ s very possible too ░░░░░░░░ if it is persistent ░░░░░░░░ it must be to ░░░░░░░░ with you know people ░░░░░░░░ ahead of tariffs or ░░░░░░░░ prices ahead of tariffs ░░░░░░░░ things like that Those ░░░░░░░░ of things happen and ░░░░░░░░ re very very hard ░░░░░░░░ capture because so much ░░░░░░░░ it is indirect A ░░░░░░░░ example is the washing ░░░░░░░░ were tariffed in the ░░░░░░░░ round of tariffs and ░░░░░░░░ went up but prices ░░░░░░░░ went up on dryers ░░░░░░░░ are not tariffed So ░░░░░░░░ manufacturers just you know ░░░░░░░░ just kind of follow ░░░░░░░░ crowd and raised So ░░░░░░░░ happen very indirectly and ░░░░░░░░ there will be a ░░░░░░░░ of work done in ░░░░░░░░ months to try to ░░░░░░░░ all that through But ░░░░░░░░ though it s too ░░░░░░░░ to be seeing significant ░░░░░░░░ in economic data.”