News about Fed

Federal Reserve Chair Jerome Powell used his written statement for the first of his two Congressional testimonies to implicitly push back against the two Fed officials who argued for a “live” July meeting. Powell remains comfortable with a policy wait-and-see approach, signaling

Key takeaways from Powell hearing: He confirms the Fed isn't yet ready to "look through" tariff increases given the range of unknowns (size of increases still being determined, magnitude of pass thru, etc.) following a period in which price stability hasn't been fully restored.

Powell is asked whether he wants to co-sign on to Chris Waller's dovish inflation outlook. He stays neutral: "I think many paths are possible here. And certainly the one you mentioned is a possible one. We could see inflation come in not as strong as we expect. If that were the

🇺🇸 #Fed Powell Reiterates No Rush to Cut as Fed Awaits Tariff Clarity - Bloomberg www.bloomberg.com/news/articles/2025-06-24/powell-reiterates-no-rush-to-cut-as-fed-awaits-tariff-clarity?sref=ZVajCYcV