Fed Chair Powell: A lot of high costs are embedded due to higher inflation in 2022 and 2023

uh tenyear rates have are 50 [clears throat] basis points higher than when you started cutting back in September of 2024 and the yield curve basically has been steepening. Uh why do you think that continuing to cut now especially in the absence of data is going to bring down the yield on the thing that will move the economy the most. >> So we're looking at the real economy and focusing on that.And you have you've got when the when the long bonds move around, you've got to look at why they're moving around. ...