Sen. Tim Scott (R-S.C) anticipates a potential decrease in inflation, which could lead to an increase in rate cuts, following a discussion with Federal Reserve Chairman Jay Powell. What Happened: On Tuesday, Scott mentioned about his recent conversation with the Federal Reserve Chairman Jay Powell during CNBC’s “Squawk Box.” Scott indicated that Powell foresees a decline in inflation, which could subsequently increase the likelihood of rate cuts. “I had a conversation with Jay Powell yesterday,” he said. “And one of the things I left with is that he sees inflation coming down. So the prospect …
