 Powell said that if you wait until inflation gets all the way down to 2%, you've probably waited too long. He didn't say when the Fed might begin to cut rates, but the next meeting comes at the end of this month. Phillies baseball on WDEL. Want your business to be part of the action this season? Call John Riebel at 302-660-3871 or go to WDEL.com and fill out your information.