April figures show slight cooling after three elevated readings
During a panel discussion, Powell said his confidence that inflation will ease "is not as high as it was"
Many economists envision no rate cuts before September
A weaker loonie won't necessarily stoke inflation, report says
U.S. consumer inflation was most recently reported at 3.5%
Figures from March will likely delay Fed rate cuts
Says recent data showing signs of persistent inflation don’t materially change the overall picture
Officials kept their benchmark rate unchanged for a fifth straight time, slightly raised inflation forecasts
Federal Reserve officials are expected to play it safe when they meet this week
Recent data suggest U.S. economy remains hot