. >> reporter: hi, chair powell, rachel siegel from "the washington post." thank you for taking our questions. you talked about needing time to gain more confidence that inflation is moving sustainably back down to 2%. it is may now. do you have time this year to cut three times given the calendar? >> i'm not really thinking of it that way. you know, what we've said is that we need, we would be more confident and we've said, my colleagues and day today said we didn't see progress in the officers, in the first quarter and i've said that it appears then that it's going to take longer for to us reach that point of conference. so i don't know how long it will take. i can just say, that when we get that confidence, then rate cuts will be, will be in scope and, i don't know exactly when that will be. >> reporter: with hindsight are there any signs that you look back on now looking at reports for january, february, march, something more worrying than expected bumpiness? >> you know, not really. what, so i thought it was appropriate to reserve judgment until we had