According to Jin Ten Data, Federal Reserve Chair Powell was asked during his testimony in Congress whether he is 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 specific meeting. I don't think we need to rush it."
Republican Congressman Mike Lawler questioned why the Federal Reserve is not lowering interest rates as inflation cools, similar to President Trump's criticism of the Fed Chair.