Powell leaves door ajar to July rate cut, but an expected rise inflation is likely to keep the Fed on the sidelines

Federal Reserve Chair Jerome Powell says there’s of when U.S. interest rates will be reduced again ahead of his annual testimony to Congress, setting up a potential clash with President Donald Trump’s staunchest Republican allies.

Jun 24, 2025 - 16:07
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Powell leaves door ajar to July rate cut, but an expected rise inflation is likely to keep the Fed on the sidelines
Federal Reserve Chair Jerome Powell says there’s of when U.S. interest rates will be reduced again ahead of his annual testimony to Congress, setting up a potential clash with President Donald Trump’s staunchest Republican allies.