Federal Reserve Chair Jerome Powell expressed satisfaction overnight with the progress on inflation over the past year but said he wants to see more before cutting US interest rates.
“We’ve made quite a bit of progress and in bringing inflation back down to our target,” Mr Powell said at a central banking forum in Sintra, Portugal.
https://thewest.com.au/business/economy/powell-says-fed-has-made-quite-a-bit-of-progress-on-inflation-but-needs-more-confidence-before-cutting-c-15224048
