 Powell, however, also said more evidence may be needed before the Fed begins cutting interest rates. Powell said the Fed still wants to see annual price growth move closer to its 2 percent annual target before taking any further action on interest rates. Crude oil futures prices lost ground today as concerns eased a bit about possible supply disruptions due to Hurricane Beryl. Oil down 57 cents a barrel to settle at 82.81 a barrel in New York. I'm Jack Spear, NPR News in Washington.