Powell says Federal Reserve is more confident inflation is slowing to its target
![Powell says Federal Reserve is more confident inflation is slowing to its target](https://static.independent.co.uk/2024/07/15/18/Federal_Reserve_Powell_33843.jpg?width=1200&auto=webp)
Chair Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point