I couldn't get through the whole video. And there's no way that I'm going to be able to watch the entire 49 minutes of the press conference.
Powell has no clue. He has no idea what happened, he has no ideas, and no plan to deal with any of this. That's because there is nothing that he can do to manage or control anything related to our monetary foundation. Their monetary policy is to wait and hope, then take credit when things go well or say that there is more work to do if things are going badly. Getting inflation back "down" to 2% is basically telling us that he knows we are stuck in the pot and he knows that it's starting to boil, but as long as he turns the heat down a little, it won't be "as bad".
The car is already over the cliff. We just haven't hit bottom yet.