Fed is 'not far' from confidence needed to cut rates, says Jerome Powell

Powell's remarks add some additional color about officials' thinking around the timing of the first rate cut, bolstering the idea that such a move could come in the next few months

Fed is 'not far' from confidence needed to cut rates, says Jerome Powell
Powell's remarks add some additional color about officials' thinking around the timing of the first rate cut, bolstering the idea that such a move could come in the next few months