Federal Reserve Chairman Jerome Powell delivers the Fed’s semi-annual monetary policy report to the House Financial Services Committee on Tuesday.
Powell on Tuesday emphasized the central bank’s commitment to keeping inflation in check, saying he expects policymakers to stay on hold until they have a better handle on the impact tariffs will have on prices.
In remarks to be delivered to two congressional committees this week, Powell characterized economic growth as strong and the labor market to be around full employment.
However, he noted that inflation is still above the Fed’s 2% target, with the impact that President Donald Trump’s tariffs will have still unclear.
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LIVE: Federal Reserve Chair Powell testifies before House committee on U.S. monetary policy—6/24/25
