 And a similar scene in Montego Bay, Jamaica, where people are snapping up water and other essentials, preparing for Barrel's Wrath, which could bring catastrophic winds and up to a foot of rain. Fed Chair Jerome Powell says U.S. inflation is cooling again, though it is not yet time to cut interest rates. Powell speaking at a monetary policy conference in Portugal moderated by CNBC. We just want to understand that the levels that we're seeing are a true reading on what is actually happening with underlying inflation.