Fed Chair Powell (Q&A) says prospects for a rise in core inflation are real; Fed will need to wait and see; reiterates policy stance is in a good place to wait and see

Fed Chair Powell's comments indicate a cautious stance on inflation, suggesting that while core inflation risks are acknowledged, the current policy is appropriately positioned. This "wait and see" approach could impact market expectations around future rate adjustments, potentially supporting the USD in the short term while leaving room for fluctuations based on incoming economic data.