are conferring
-estás concediendo
Present progressive conjugation of confer. There are other translations for this conjugation.

confer

Because, with the powers we are conferring upon them, the central bankers should understand that their job is to make sacrifices on behalf of the public and not on behalf of speculators, as they have unfortunately been doing until now.
Porque, señor Presidente, los bancos centrales deberán saber que, dados los poderes que tienen concedidos, han de sacrificarse por el bien público y no en beneficio de los especuladores como desgraciadamente han venido haciendo hasta hoy.
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