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And if inflation does indeed fall further, Powell suggested the Fed might deviate from its projections and keep rates steady.
July's Federal Open Market Committee "will be a live meeting," because "a decision hasn't been made," Powell said.
But even if the Fed doesn't hike in July, it's likely to hold rates steady for the rest of the year.
Persons:
Jerome Powell, Drew Angerer, Gundlach, Wharton, Jeremy Siegel's, Powell, hasn't, there's, it's
Organizations:
Federal Reserve, Federal, Market, Getty, CNBC
Locations:
Washington ,