(FILES) US Federal Reserve chairman Jerome Powell holds a press conference in Washington, DC, on September 18, 2024. The United States is set to see inflation cool further towards policymakers' target, Powell said Monday, with interest rates likely to come down over time, too. Powell's speech comes more than a week after the Federal Reserve slashed interest rates by half a percentage point, marking its first reduction since 2020. The move was made in response to easing inflation. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)