Mo News on Instagram: "Federal Reserve Chair Jerome Powell said he is hopeful three straight interest rate cuts have helped stabilize the job market. He spoke following the Fed’s latest interest rate announcement Wednesday, noting that they plan to monitor developments in the months ahead. The cut comes as he says inflation has remained “somewhat elevated” due mostly to the impact of tariffs. The Fed’s goal is 2% inflation; the current inflation rate is closer to 3%. Cutting rates again soon cou