"Powell's Warning: US Inflation Battle Continues, Hints at Further Rate Rises"

Federal Reserve Chair Jerome Powell warned that the battle against inflation in the US is not over and hinted at further rate rises during his speech at the Federal Reserve Bank of Kansas City's annual gathering. Despite a decline in the annual rate of inflation, Powell stated that it remains too high, particularly in essential areas such as food, housing, and gas. The Fed aims to achieve a "soft landing" for the economy by bringing down inflation without causing significant job losses. Powell acknowledged the complexity of the economic situation and stated that the Fed will proceed carefully in deciding whether to tighten further.