Fed Chair Powell: Tariff uncertainty has diminished but remains elevated

If you look at the um the rate path uh starting in December to today and adjust it over uh the full uh uh time horizon you've got there, you've taken about a quarter point per year out of your projected path and you end at a higher rate at N2027 than you were would have in the prior forecasts. Is that a result of of of a sense that tariffs will lead to more persistent inflation. Is it a result of reassessments of where your short-term neutral rate is it.Why why are you on a slower path now. So I would focus ...