Powell's final FOMC core summary: - Economy: Solid economic expansion, but housing remains weak, job growth is slowing, and demand is softening. - Inflation: Oil price shocks persist, short-term inflation expectations are rising, but long-term remains anchored at 2%. - Policy: Interest rates unchanged, current stance is appropriate, no rush to adjust. - Personal status: Legal attacks are undermining the Fed's independence, forced to remain as a board member after May 15. In one sentence: Hawkish stance confirmed, no hope for rate cuts.