*** Summary: Fed's Powell played down the.......>

FED: *** Summary: Fed's Powell played down the removal of "accommodative" from

the FOMC statement, saying this does not signal a change in policy. Powell

reiterates policy is still accommodative and noted that overall financial

conditions remain accommodative. He confirmed several times in the Q&A the Fed

takes broad financial conditions into account. Powell also notes the forecasts

shows a slight overshoot of some individual's personal estimates of the neutral

rate and still sees the Dot Plot as useful for markets. Powell notes the Fed is

seeing rising business concerns from around the country as a result of trade

tariffs and sees longer term protectionism as bad for the US. In responding to

questions regarding the impact of tariffs on prices, Powell notes this could

provide the basis for companies to raise prices.