Reported about 16 hours ago
Federal Reserve Chair Jerome Powell testified before the House Financial Services Committee, addressing key issues such as interest rates, inflation data, and the dollar's role in the global economy. He refrained from commenting on potential interest rate cuts but emphasized the importance of upcoming inflation reports. Powell also noted concerns over the U.S. borrowing path and the impacts of immigration policy on labor force growth, while maintaining that the Fed's influence on housing supply and demand is limited.
Source: YAHOO