We realize that people are feeling high housing costs and high financing costs. Um, in terms of inflation, uh, we we look at something called owner's equivalent rent and rentals and and that's meant to capture both rented housing and owned housing. And it's been very sticky. You know, it's been one of the one of the stickiest parts of inflation.I'm happy to say now it actually is coming down quite regularly. That's very good news. That's been the part really, it's been the service inflation that's been stic ...

Economic Data & Monetary Policy - The Federal Reserve (Fed) acknowledges a slight degradation in the scope of economic surveys but expresses concern about the direction of travel regarding the accuracy and reliability of US economic measurement [4] - The Fed emphasizes the importance of accurate economic data for itself, Congress, and businesses to understand the state of the economy, including growth levels [4][5][6] - The Fed notes that current interest rates are at higher levels, providing significantly more room for cuts compared to periods of very low interest rates [15] Inflation & Tariffs - Retailers anticipate tariff-related inflation to become more apparent in future data, as current sales reflect inventory from previous months [8][9] - There is uncertainty regarding how much of the tariff impact will be passed on to consumers; the effect could be lower or higher than expected [10] - Companies may increase prices on non-tariffed goods to compensate for losses incurred due to tariffs on price-elastic goods [11][12] - The Fed acknowledges the possibility of companies increasing prices on necessities, even if not subject to tariffs, to offset losses from tariffed goods, as seen in past tariff episodes [12][13] Bureau of Labor Statistics (BLS) - Congress is considering a proposal to cut $56 million from the Bureau of Labor Statistics (BLS), raising concerns about the agency's ability to collect accurate data and provide reliable indicators [3]

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 ...

Economic Outlook - The economy is growing, with unemployment at 42% [3] - The economy is growing at an estimated rate of 15% to 2% [3] - Sentiment has increased from very low levels, but remains depressed [3][4] - The current monetary policy allows for timely responses to economic changes, with careful monitoring of data [7] Inflation & Tariffs - Inflation has cooled to roughly 2% despite tariffs [1] - There are concerns that tariffs could lead to demand destruction and slower growth, potentially keeping inflation low [7] - The likelihood of lower inflation due to tariffs is uncertain, requiring several months of cool inflation data to confirm [7] Housing Market - The housing market faces both short-term and long-term challenges, including a housing shortage and high rates [4] - Restoring price stability and maintaining a strong labor market are seen as the best approaches to support the housing market [5] Job Market - Overall labor force participation, wages, and job creation are at healthy levels [5] - There may be a very slow, continued cooling in the job market, but it is not currently troubling [6] Monetary Policy & Rate Paths - Rate paths are data-dependent and subject to high uncertainty [9][10] - Rate paths involving cuts suggest an expectation that cuts will become appropriate [9]