Key reason for the delay in cuts is lingering effects of the pandemic
Meeting minutes show that officials debated whether their benchmark rate was exerting enough of a drag on the economy
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"
The Fed will take its time to find out
Board says inflation has remained stubbornly high in recent months
The trend could contribute to higher inflation, raise concerns at the Fed
Many economists envision no rate cuts before September
U.S. consumer inflation was most recently reported at 3.5%
Figures from March will likely delay Fed rate cuts