chairman powell: wouldut in thei said in my opening remarks. the risk of really two-sided here.uation here where if we ease too much or too soon, we could see inflation combat, and if we ease too late, we could do unnecessary harm to employmentng lives. so we do see the risks as two-sided, so it is consequential, we want to be the economy growing, with the labor market strong and inflation coming down, we can approach that question carefully and let the data speak on that. that is really what i was thinking. >> how much of the inflation we en so fath to you chalk up to one off calendar adjustment effects following a. of inflation versus some change in the train we saw in the second half of last year? i was trying to be careful about dismissing data that we don't like, so you need to check yourself on that. and i'll do that, but i would say the january number which was very high, the january cpi a tht there could be seasonal effects, but nonetheless i don't want to be completely dismissive of numr than expectations but it's not like that january number. i think the two of them to