US EditionPowell Defers Rate Cuts, Seeks Clear Tariff Pass-Through in ...
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6 Articles
Key Takeaways From Fed Chief Powell’s Testimony on Capitol Hill
Federal Reserve Chair Jerome Powell appeared on Capitol Hill for his semi-annual monetary policy report to Congress. Powell kicked off the first day before the House Financial Services Committee, facing questions on tariffs, inflation, interest rates, and more. Here are key takeaways from Powell’s appearance. Tariffs and a July Rate Cut Hopes of a rate cut at the July Federal Open Market Committee policy meeting may have been dashed. The central…
Fed Chairman Powell, who was accused by US President Donald Trump of not lowering interest rates, said that they will monitor developments in the economy before deciding whether to lower the key interest rate.
The rise in tariffs could begin to raise inflation this northern summer, a period that will be key for the Federal Reserve to consider possible rate cuts, central bank president Jerome Powell said Tuesday to members of Congress.Pressed by Republican legislators of the Financial Services Commission on why the Fed is not cutting rates, as President Donald Trump has demanded, Powell said that he and many in the Fed expect inflation to start rising …
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