'We don't need to be in a hurry to cut': Jerome Powell says Fed will wait for inflation to 'come in line'

'We don't need to be in a hurry to cut': Jerome Powell says Fed will wait for inflation to 'come in line'..

Fresh inflation data released earlier is pretty much in line with our expectations, he said..

But Powell reiterated it wont be appropriate to lower rates until officials are confident inflation is on track toward their 2% goal..

The Feds preferred gauge of underlying inflation cooled last month after an even larger increase than previously reported in January, government data released Friday showed..

Powell said officials expect inflation to continue falling on a sometimes bumpy path, echoing remarks he made following the Feds last policy meeting earlier this month...