Watch Fed Chair Powell testify live on interest rate policy before House committee
Federal Reserve Chair Jerome Powell Testifies Before Congress
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Federal Reserve Chair Jerome Powell delivered his semiannual monetary policy testimony to congressional leaders, starting Tuesday with an appearance before the House Financial Services Committee.
In his prepared remarks, Powell noted the “solid” condition of the U.S. economy but expressed concerns over the potential impact of President Donald Trump’s tariffs on inflation. He emphasized that “policy changes continue to evolve, and their effects on the economy remain uncertain.” Powell also mentioned that he and his Federal Open Market Committee colleagues are “well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance.”
President Trump and other administration officials have criticized the Fed for not cutting rates. Trump specifically called out Powell in a social media post early Tuesday, urging congressional leaders to address the situation with “this very dumb, hardheaded person.”
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