Federal Reserve Chair Jerome Powell had plenty of opportunities Tuesday to tell lawmakers definitively the central bank will cut interest rates soon. He didn’t take any of them. Instead, Powell reiterated his view that policymakers need not rush to adjust policy,

“It’s not an easy job, but it’s one we’ve willingly taken on,” Powell said Tuesday during a House Financial Services Committee hearing, referring to the role of the Fed. He reflected on how much people rely on the central bank to get things right.

Federal Reserve chief Jerome Powell on Tuesday said a good case could be made for cutting interest rates soon, but he said the Fed is holding off for now because of an expected increase in inflation from U.