Economy

Key Takeaways From Fed Chief Powell’s Testimony on Capitol Hill

The Fed chairman indicated that a rate cut would depend on whether the president’s global tariffs boost inflation.
Key Takeaways From Fed Chief Powell’s Testimony on Capitol Hill
Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill on June 24, 2025. Madalina Kilroy/The Epoch Times
Andrew Moran
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Federal Reserve Chair Jerome Powell appeared on Capitol Hill for his semi-annual monetary policy report to Congress.

Powell kicked off the first day before the House Financial Services Committee, facing questions on tariffs, inflation, interest rates, and more.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."