Golden Finance reported that Federal Reserve Chairman Powell said that if the Fed waits until inflation reaches 2% before cutting interest rates, it will wait too long; the test now is that officials want to be confident that inflation is falling, and more good data will increase confidence, and the Fed has been getting this good data recently. Powell said that the economy has performed well in the past few years; economic growth is expected to slow this year, and inflation will continue to make progress. The last three inflation data have indeed boosted confidence; decisions will be made based on changing data and prospects; the Fed's decisions will not be affected by political factors.