Fed Chair: Latest Inflation Data Reaffirms Rate-Cut Outlook, But No Rush to Act

Latest US inflation data is "along the lines of what we would like to see," says Fed Chair Jerome Powell, keeping rate-cut outlook intact.

Powell says new data is "what we were expecting" and Fed won't "overreact" to small changes.

Headline inflation rose slightly in February but details show improvement in key areas Fed monitors.

Fed still sees need for rate cuts this year but won't rush decision with economy and jobs market still strong.

Powell emphasizes Fed will be "careful" in deciding when to reduce rates given importance of decision.