Powell, more confidence needed on falling inflation due to cut - Breaking news. 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 money. (HANDLE) . The data on the economy and inflation have not "materially changed" the picture: it is too early to say whether the recent inflation data is only a temporary jump or not.