Federal Reserve Chair Jerome Powell will give his semiannual testimony earlier than the Senate Banking Committee on Wednesday morning, as President Trump ramps up criticism over the central financial institution’s determination not to lower interest rates.
Powell, who confronted questioning earlier than a Home panel Tuesday, has maintained that market volatility, uncertainty round Trump’s tariff agenda and battle within the Center East led the Fed to maintain charges regular. The president has hammered him in current months to decrease the charges — citing constructive job numbers and reduces in inflation — and even threatened to take away him from his place.
The listening to is scheduled to start at 10 a.m. EDT.
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