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.

Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill on June 24, 2025. Madalina Kilroy/The Epoch Times

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.