Powell still expects Fed to lower rates this year as inflation follows a 'bumpy' path down to 2%

- Federal Reserve Chair Jay Powell believes inflation will decrease to 2% and the Fed will lower rates at some point this year - Powell insists Fed will remain independent during the election year - Powell reassured that inflation outlook has not changed much despite recent higher readings - Article link: https://finance.yahoo.com/news/powell-still-expects-fed-to-lower-rates-this-year-as-inflation-follows-a-bumpy-path-down-to-2-161044483.html