JUST IN: Fed Chair Powell highlights high uncertainty over inflation, rising downside risks to employment, and a softer labor market. He says the recent rate cut aimed to move policy toward neutral, with consumer spending slowing and business outlook weighed by uncertainty. Powell notes price increases largely reflect tariffs but pledges to prevent them from fueling ongoing inflation. He adds hiring is below breakeven, though other job indicators remain stable, and long-run inflation expectations align with the 2% target. Powell reiterates there is no risk-free policy path ahead.#MarketPullback