Factorization of IR Dynamics: Soft Black Hole Hair as Soft Wigs

Conserved charges associated with large gauge symmetries and Bondi-Metzer-Sachs symmetries of asymptotically Minkowski spacetime have been recently shown to give new "soft hair" for black holes --beyond mass, charge and angular momentum.  In this talk, I will outline a study of the constraint on dynamics due to these new symmetries. I will prove that they only constrain long-time, infrared dynamics, in a way that is completely factorizable. Factorization implies in particular that soft hair does not constrain the ``hard" physical processes that account for black hole microstates.