Policymakers made clear Wednesday that they aren't close to declaring victory over the worst bout of inflation in 40 years
Another rate hike this year will likely remain on the table, and Fed officials may project fewer cuts for next year
Governing board reaches full strength with Biden appointees
Decline in the core measure points to inflation coming under control
Economists, traders increasingly believe Federal Reserve won't hike in September
The Federal Reserve will likely welcome Tuesday's data
Her address followed a speech earlier Friday in Jackson Hole by Federal Reserve Chair Jerome Powell
Reiterates the central bank's determination to keep its benchmark rate elevated until inflation falls to 2% target
As central bankers gather at Jackson Hole conference this week, speeches will be scrutinized for hints
Policymakers said they "need to see more data" to be sure inflation pressures are abating