New inflation reading 'along the lines of what we want to see': Fed's Powell

- Federal Reserve Chair Jerome Powell is pleased with the new inflation report released on Friday - He believes inflation is still on a "bumpy path" toward the central bank's goal of 2% - Powell stated that the new report is more in line with what the Fed wants to see compared to previous readings - This information was shared during a Q&A session at a San Francisco Federal Reserve conference - Investors may want to pay attention to how this assessment of inflation impacts stock prices and overall market trends