 This is WCRS Greenwood, on the web at WCRS1450am.net. Time is clear. NB News, I'm Ben Thomas. Federal Reserve Chair Jerome Powell says inflation is slowing again, though it's not time yet for interest rate cuts. Ed Donohue has the latest. The Fed's target inflation rate is 2%. Powell says it's now at 2.6%. So yes, we've made a lot of progress.