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This is CBS Eye on the World. Here's John Bachelorette.

The American economy, the Federal Reserve chair Jerome Powell making remarks over these last days.

Restated what he said several times before in press remarks, in written remarks,

certainly in summaries of the two-day meeting.

Last week, a read from Berens magazine.

Continued interest rate increases will be appropriate.

Disinflationary process has begun.

However, January's Blockbuster Jobs report obliges the central bank to stay focused on the monthly data

and make decisions one meeting at a time.

I welcome Jim McTague, former Washington editor of Berens magazine, to comment on Mr. Powell saying once again,

stay the course.

Inflation must be solved, and it must be solved with raising interest rates.

Our target is 2%, we're very far from it.

The disinflationary process, that means inflation is coming down, is underway.

But Jim, a very good evening to you.

Jerome Powell was Groundhog Day, said the same thing he said before.

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