Jerome Powell: We're watching the labor market 'very carefully' for signs of weakness and strength

Mr. . Chair, I wonder if you could describe for us some of those scenarios. How do you get to a place I'm noticing that the uncertainty levels in your forecast are very high. How do you get to a place where you have the confidence in the outlook for say inflation andor growth or the unemployment rate. How many months does it take and what do you want to see in the data to get to that level of confidence to actually reduce rates off the restrictive level.So, it's it's very very hard to say when that will hap ...