Powell to Address Interest Rates, Inflation Outlook in Closely Watched Remarks

Fed Chair Jerome Powell to deliver remarks that could provide clarity on interest rate strategy.

Recent Fed officials' comments indicate doing enough to defeat inflation without triggering higher unemployment.

US inflation has cooled from peak but still above Fed's 2% target. Officials want more evidence of cooling.

Job market remains strong, but other factors like dwindling savings could break consumers.

Traders will listen for Powell's take on potential impact of Israel-Hamas conflict on US economy.