Powell, more confidence needed as inflation falls due to cut - News.com.au. Jerome Powell said this, underlining that the central bank decides its monetary policy meeting by meeting.
The Fed "has time to decide" on possible cuts and wants to have greater confidence in the downward trajectory of inflation before reducing the cost of borrowing. The economic and inflation data have not "materially changed" the picture: it is too early to say whether the recent inflation data is only a temporary jump or not.