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Federal Reserve Chair, Jerome Powell spoke about the economic

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outlook this afternoon at the Economic Forum of New York

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. He said inflation remains too high and that slowing

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economic growth and softening labor conditions may be necessary to

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bring it down. Here's more from his speech,

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my colleagues and I remain resolute in our commitment to

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returning inflation to 2% over time. A range of

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uncertainties, both old ones and new ones complicate our

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task of balancing the risk of tightening monetary policy too

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much against the risk of tightening, too little given

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the uncertainties and risks and given how far we've come

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, the committee is proceeding carefully. We will make

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decisions about the extent of additional policy firming and how

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long policy will remain restrictive based on the totality of

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the incoming data, the evolving outlook and the balance

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of risks. Climate protesters approached the stage shortly before

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Powell was set to begin his remarks and security escorted

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them out of the room.