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Treasury rates were volatile after a speech by Federal Reserve Chairman Jerome Powell, with the 10-year rate approaching 5%. Powell spoke at the Economic Club of New York on Thursday. Data in recent months suggest the central bank is making progress toward its twin goals of full employment and price stability, but inflation remains too high and more data pointing to sustained above-trend growth or an end to cooling in the labor market could pose risks to progress against inflation and lead to further tightening, he said.Powell said there is no evidence that policy is too tight, but given the uncertainties and risks, and the progress the central bank has made so far, the Fed will be careful to determine the extent of additional policy tightening and how long to maintain restrictive policy b