 Hope rising for an interest rate cut? The Federal Reserve said it was only a matter of time before it would cut interest rates. But with persistent inflation, the central bank has had to delay doing that. We wanted to have greater confidence that inflation was moving sustainably down toward our 2% target. Chair Jerome Powell speaking at the Economic Club of Washington. What increases that confidence in that is more good inflation data. And lately here, we have been getting some of that. But Powell didn't say just when a cut could come. Daria Albinger, ABC News.