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Federal Reserve Chair Jerome Powell delivers his semiannual monetary argumentation grounds to legislature leaders, starting Tuesday with an quality earlier the House Financial Services Committee.
In prepared remarks, Powell noted the "solid" information of the U.S. system but said concerns linger implicit the interaction President Donald Trump's tariffs volition person connected inflation.
"Policy changes proceed to evolve, and their effects connected the system stay uncertain," helium said. Powell added that helium and his Federal Open Market Committee colleagues are "well positioned to hold to larn much astir the apt people of the system earlier considering immoderate adjustments to our argumentation stance."
President Donald Trump and different medication officials person chastised the Fed for not cutting rates. Referring to Powell, Trump called connected legislature leaders to enactment "this precise dumb, hardheaded person, over" successful a Truth Social station aboriginal Tuesday.
Read more:
Fed Chair Powell speaks connected Capitol Hill this week with authorities beforehand and center
Fed holds cardinal complaint steady, inactive sees 2 much cuts this year
Fed Governor Waller says cardinal slope could chopped rates arsenic aboriginal arsenic July
Fed Governor Bowman favors July involvement complaint chopped if ostentation stays low
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