 It's going to be a rough one out there. Brought to you by Longfence. Save 25% on decks, pavers, and fences. Six months, no payment, no interest. Conditions apply. Go to longfence.com. Money news at 10 and 40. Federal Reserve Chair Jerome Powell says an interest rate cut doesn't have to wait for inflation to fall to 2%. He says at that point, the central bank probably waited too long. Instead, they're basing decisions on indications that the rate of inflation is heading in that 2% direction.