Powell emphasizes patience amid Trump pressure in House testimony

Fed's Powell: I think we'll see tariff inflation in the June and July numbers. Fed's Powell: If it turns out inflation pressures are contained, we will get to a place where we cut rates. FED'S POWELL Q&A: CAN'T SAY WHETHER JULY MEETING COULD LIKELY CUT RATES; HAVE TO SEE HOW INFLATION AND JOBS DATA PROGRESS #Powell #FederalReserve #economy Q to Powell: Taylor rules say you should be looking through this. Powell: That's right. Q: So why aren't you cutting rates? Powell: Taylor rules say we're right where we should be. And one of them shows rates should actually be higher.

BREAKING: Powell Says Federal Reserve Will Focus on Economy Not Politics When Setting Interest Rates. Powell: If not for the expectations of higher inflation this year from tariffs, "we would have continued cutting." POWELL: AS LONG AS ECONOMY STRONG WE CAN TAKE A LITTLE BIT OF A PAUSE HERE FED'S POWELL Q&A: REPEATS, US FISCAL POPOLICY ;ON AN UNSUSTAINABLE PATH' AND LIMITING VIEWS OF FISCAL POLICY TO THAT #Powell #FederalReserve #economy Federal Reserve Chair Powell Says Rate Cuts Will Continue When Appropriate

Fed's Powell: Banks are free to provide banking services to crypto industry and conduct activities as long as protect safety and soundness.