 From ABC News, Wall Street now. Fed Chair Jerome Powell expressed satisfaction this morning that the economy has made progress on inflation. At the same time, he told a central banking forum in Portugal that he'd like to see inflation sustainably at 2% before recommending interest rate cuts. Powell's comments were enough to rally the S&P by a tenth of a percent and the Nasdaq Composite by a quarter percent this morning. The Dow Jones, though, headed into the midday slightly lower from this morning's opening.