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Fed Chair Powell Says Colleagues And I Have Greater Confidence Inflation Is On Sustainable Path To 2%; Disinflation 'Broad Based,' Recent Data Indicate Further Progress Toward Sustained Return To 2%; Housing Services Inflation Will Continue To Decline...

Benzinga ·  01:57

Fed Chair Powell Says Colleagues And I Have Greater Confidence Inflation Is On Sustainable Path To 2%; Disinflation 'Broad Based,' Recent Data Indicate Further Progress Toward Sustained Return To 2%; Housing Services Inflation Will Continue To Decline As Long As Growth Rate In Rents For New Tenants Remains Low; 50 BPs Rate Cut Reflects Growing Confidence That Appropriate Policy Recalibration Can Maintain Labor Market Strength And Inflation Moving Toward Goal

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