Jerome H. Powell, chair of the Federal Reserve, refrained from giving a clear indication of when the central bank would start cutting interest rates, despite acknowledging a recent decrease in inflation. Speaking at the Economic Club of Washington, Powell stated he would not provide any signals regarding future meetings. This comes after several reports indicated a significant moderation in price increases, leading some economists to advocate for an earlier rate cut. The Fed is set to meet in July and September, with many investors anticipating a reduction in borrowing costs at the September meeting. Goldman Sachs economists suggested in a research note that a rate cut in July could be warranted, given the significant decline in inflation. Powell's reluctance to commit to a specific timeline reflects the uncertainties surrounding the direction of monetary policy in the current economic landscape.