The Fed raised its outlook for inflation at its last policy meeting earlier this month to 2.8% from 2.6% previously and trimmed its projection to one rate cut this year from three.Powell on Tuesday also declined to discuss what the policies of Republican presidential candidate Donald Trump might mean for monetary policy.He emphasized that the Fed would continue to try to stay out of politics. However, he did note that there is "very broad support" for an independent central bank from both political parties."I don't think that is really in question."Powell, when asked about the biggest risk facing the US economy, said he worries about a cyberattack on a big bank or sizable market player.But he said he also thinks a lot about getting monetary policy right.#US