 The Federal Reserve says high inflation isn't the only risk the economy faces. As part of his annual address to Congress, Fed Chair Jerome Powell told a Senate committee on Tuesday he wants to see more evidence inflation is cooling before cutting interest rates, but added that waiting too long could hurt the economy and the labor market. He said new numbers showing unemployment rising slightly may prompt rate cuts sooner. Powell said the Fed will need to examine more economic data before making a rate cut decision. He's set to deliver those same opinions to a House committee today.