According to Jin Ten Data, Federal Reserve Chairman Powell was asked during his testimony in Congress whether he was prepared to cut interest rates at the July meeting, and he declined to provide a clear answer. Powell stated, 'I don't want to point to any one meeting. I don't think we need to rush.'
Republican Congressman Mike Lawler questioned why the Federal Reserve is not cutting interest rates despite cooling inflation, which is similar to President Trump's criticism of the Federal Reserve Chairman.