Powell is mum on future rate cuts. Trump calls on Republicans in Congress to work him over.

FFederal Reserve Chairman Jerome Powell gave no sign of when U.S. interest rates will be reduced again ahead of his annual testimony to Congress, setting up a potential clash with President Trump’s staunchest Republican allies.

Jun 24, 2025 - 14:46
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Powell is mum on future rate cuts. Trump calls on Republicans in Congress to work him over.
FFederal Reserve Chairman Jerome Powell gave no sign of when U.S. interest rates will be reduced again ahead of his annual testimony to Congress, setting up a potential clash with President Trump’s staunchest Republican allies.