Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, June 12, 2024. Powell will be in Portugal on Tuesday, July 2, 2024, to take part in a panel discussion on central banking policy with members of the European Central Bank. (AP Photo/Susan Walsh, File)
July 2, 2024
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July 2, 2024 8:50 a.m.
Fed Chair Jerome Powell: US inflation is slowing again, though it isn't yet time to cut rates
WASHINGTON (AP) — Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates.