Powell Signals Potential Fed Rate Cuts Later This Year Amid Inflation Trends!

Powell clarifies: No push for inflation to hit 2%, but evidence is key.
Current inflation trends meet Fed's expectations, seeking continuity.
Anticipate a gradual decrease in 12-month inflation rates.
Future rate cuts hinge on incoming data analysis.
Recession fears? Powell sees no immediate risk.
Optimistic about avoiding a US recession short-term.
Fed aims for a smooth economic "soft landing".
AI in focus: Powell acknowledges its significance and challenges.