Thank you so much, Mr. . Chairman. Um, Chair Pal, last month there was research published um in the Journal of Urban Health that found that more than half of black women of reproductive age, that's the term they use, in the counties that I represent that had experienced some sort of eviction during their lifetime.Um, so that's like 50% of black women in the two two largest county, Wayne County and Oakland County and Michigan. Um, and these numbers are horrific. Um, as you know, were you aware of that.No, I ...

going to have time for that. We're going to have to get to the Q&A. Maybe next time.Steven. Thank you. >> Here's a fed chair before a House Financial Services Committee.>> Into a recession. Chairman Powell, the latest FOMC statement described the economic activity have to continue to expand at a solid pace. And you just reiterated that in your testimony this morning.In your view, is the term recession and the economy growing at a solid pace. Are those synonymous with each other. I would say no.And you note ...

Look, I I from my standpoint, it's it's not complicated. What everyone on the FOMC wants is a good solid American economy with strong labor market and and price stability. That's what we want.We think our policy is well positioned to right now to to deliver that and and to be able to respond in timely way as the data lead us around. The economy's been resilient and part of that is our stance and uh again we think we're we're in a good place on that to respond to significant economic developments. That's wha ...

Our obligation is to keep longerterm inflation expectations well anchored and to prevent a one-time increase in the price level from becoming an ongoing inflation problem. As we act to meet that obligation, we will balance our maximum employment and price stability mandates, keeping in mind that without price stability, we cannot achieve the long periods of strong labor market conditions that benefit all Americans. We may find ourselves in the challenging scenario in which our dual mandate goals are intenti ...

Thanks, Chair Powell. Uh, Kelly O'Grady, CBS News. You're famously known as the guy that makes decision based on data instead of speculation.You've said today in the inflation data is in a good place. We don't know how tariffs are going to impact prices going forward. That's uncertain, but I've got to go back to the last time that you cut rates in December, and there was still the what if of tariffs.So what made you feel comfortable cutting then when inflation was higher than where it is today and you didn' ...

Um, your friend down at 1600 Pennsylvania Avenue continues to lob insults in your direction. And I'm wondering given now that the Supreme Court has maybe carved out the Fed from uh some of the legal implications of that whether this is just noise that the markets and everybody should ignore until your term is up or whether you worry that it could lead to more pressure on confidence on Wall Street on consumers about the uh outlook for the economy. Look I from my standpoint it's it's not complicated.What ever ...

Chris Raber at Associated Press. Um there is an argument out there uh in favor of cutting rates more immediately. Um inflation has continued to cool and is back at to roughly 2% despite the tariffs.And I guess I also wanted to ask about you know cracks in the job market uh with gross hiring slowing uh concentrated in just a few industries. We've seen some housing data uh including this morning that have been pretty weak. uh do you see any concerns that you know the economy is weakening and that is a reason ...