![FILE – An American flag is seen in Federal Reserve Board Chair Jerome Powell’s glasses as he speaks at a news conference at the Federal Reserve, Dec. 13, 2023, in Washington. On Wednesday, March 6, 2024, Powell testifies to the House Financial Services Committee on the first of two days of semi-annual testimony to Congress. (AP Photo/Alex Brandon, File)
FILE – An American flag is seen in Federal Reserve Board Chair Jerome Powell’s glasses as he speaks at a news conference at the Federal Reserve, Dec. 13, 2023, in Washington. On Wednesday, March 6, 2024, Powell testifies to the House Financial Services Committee on the first of two days of semi-annual testimony to Congress. (AP Photo/Alex Brandon, File)](https://www.orlandosentinel.com/wp-content/uploads/2024/03/Federal_Reserve_Powell_Congress_82773.jpg?w=525)
Chair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but that it first wants to see more evidence that inflation is falling sustainably back to the Fed’s 2% target.
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