Reported about 12 hours ago
Federal Reserve Chair Jerome Powell is set to testify before Congress this week, explaining the decision to maintain interest rates steady despite pressure from President Trump and concerns over global economic stability. The hearings will focus on the Fed's cautious stance in light of recent data showing low inflation and the potential impact of geopolitical conflicts. Powell is expected to emphasize the need for further data before making any adjustments to interest rates, amid calls for a clearer justification for his approach.
Source: YAHOO