Federal Reserve Chair Powell testifies on interest rate policy, expresses concerns over tariffs impact.

From CNBC: 2025-06-24 10:41:00

Federal Reserve Chair Jerome Powell begins his semiannual monetary policy testimony, citing concerns over Trump’s tariffs impact on inflation. Powell states uncertainty in policy changes and maintains a wait-and-see approach before adjusting the policy stance. Trump criticizes Powell for not cutting rates in a social media post.

For more information on Powell’s testimony and the Fed’s stance on rate cuts, visit CNBC’s website. Subscribe to CNBC on YouTube for updates.

Read more: Watch Fed Chair Powell testify live on interest rate policy before House committee