Fed’s Powell says inflation data this year shows a ‘lack of progress’

Palumbo Wealth Management founder and CEO Philip Palumbo suggests how investors can build a sound portfolio on ‘The Claman Countdown.’ Federal Reserve Chair Jerome Powell on Tuesday said that it is likely that inflation will take “longer than expected” to reach the central bank’s 2% target, casting fresh doubt on when policymakers may cut interest rates this year. Powell cited the string…