*POWELL: SLOWING QT SHOULDN'T BE SEEN AS A POLICY MOVE

*POWELL: WILL BE DIFFICULT TO ASSESS INFLATION IMPACT OF TARIFFS

*POWELL: GOOD PART OF MARKED-UP INFLATION COMING FROM TARIFFS

*POWELL: BASE CASE IS TARIFF INFLATION WILL BE TRANSITORY, BUT THAT'S UNCERTAIN.

*POWELL: DON'T SEE MUCH INCREASE IN LONG-TERM EXPECTED INFLATION

*POWELL: WATCHING CAREFULLY FOR SIGNS OF WEAKNESS IN HARD DATA

*POWELL: INFLATION HAS STARTED TO MOVE UP, PARTLY DUE TO TARIFFS

*POWELL: WITH TARIFFS INFLATION PROGRESS MAY BE DELAYED

*POWELL: TOO SOON TO BE SEEING SIGNIFICANT EFFECTS FROM TARIFFS