Trump targets Powell ahead of testimony: ‘We should be at least two to three points lower’
- Federal Reserve Chairman Jerome Powell testified before Congress on June 25, 2025, addressing inflation, tariffs, and interest rates amid criticism from President Trump.
- Trump pressured Powell to lower rates and criticized his refusal, while Powell stressed the Fed's focus on inflation and warned tariffs could worsen price pressures.
- Powell stated economic data supports potentially lowering rates soon if inflation remains contained, but tariffs pose risks that may sustain inflation longer.
- The World Bank downgraded its 2025 growth forecast by 0.4 percentage points to 2.3%, citing Trump's tariffs as a significant obstacle to global economies.
- Powell's testimony and ongoing tariff debates highlight tensions over monetary policy and economic outlook, with implications for future rate decisions and growth.
58 Articles
58 Articles
Powell to be pressed on Fed spending, agency’s politicization
Federal Reserve Chairman Jerome Powell returns to Capitol Hill on Wednesday for the second of two days of testimony. He will sit before the Senate Banking Committee, where he’s expected to face tough questions from Republican and Democratic senators. The appearance follows Powell’s testimony Tuesday before the House Financial Services Committee, where he addressed inflation, President Donald Trump’s proposed tariffs, and the outlook for interest…

Powell holds ground before Congress amid pressure from Trump
(The Center Square) – Federal Reserve Chairman Jerome Powell told Congress on Tuesday that economic data merited lower interest rates but that tariffs could undo the central bank's fight to tame inflation.
Trump targets Powell ahead of testimony: ‘We should be at least two to three points lower’
President Trump targeted Federal Reserve Chair Jerome Powell ahead of his testimony to Congress on Tuesday, bashing him once again for not lowering interest rates. “‘Too Late’ Jerome Powell, of the Fed, will be in Congress today in order to explain, among other things, why he is refusing to lower the Rate. Europe has had…
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