Powell says Fed wants to see 'more good inflation readings' before it can cut rates
![Powell says Fed wants to see 'more good inflation readings' before it can cut rates](https://static.independent.co.uk/2024/03/29/17/Federal_Reserve_Powell_26581.jpg?width=1200&auto=webp)
Federal Reserve Chair Jerome Powell reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to do so until it sees “more good inflation readings’’ and is more confident that annual price increases are falling toward its 2% target