Speaking to reporters in Houston
- tariffs can erode margins, lead to higher prices
- reluctant to dismiss yield curves signal on the recessions
- yield curve reflects expectations of future US growth
- premature to say if tariffs good or bad for economy
- short end of yield curve responding to Fed actions
- repeats view that neutral rate is between 2.5% to 2.75%
- Fed is still accommodative
- flattening yield curve can affect behavior of business people
