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
Strong hiring, wage growth could delay interest rate cuts