Fed chair repeats interest-rate policy not on a preset path.
Says recent price figures point to continued disinflation.
Federal Reserve Chair Jerome Powell said the central bank will lower interest rates âover time,â while again emphasizing that the overall economy remains on solid footing.
Powell also reiterated his confidence that inflation will continue moving toward the central bankâs 2% target, adding that economic conditions âset the tableâ for a further easing of price pressures.
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