Powell: Inflation Data Aligned with Expectations, No Immediate Interest Rate Cuts

Federal Reserve Chair Powell Assesses Inflation Data

Federal Reserve Chairman Jerome Powell has commented on the latest inflation data, indicating that it aligns with the central bank's expectations. Speaking from San Francisco, Powell emphasized that any decision to lower interest rates would depend on the Federal Reserve's confidence in inflation moving towards its targeted goal of two percent.

The statement from Powell comes in response to the recent release of the Commerce Department's Personal Consumption Expenditures (PCE) price index. According to this data. . .