🔥 Just a few hours left Fed Chairman explains to Congress about the decision to keep interest rates unchanged

Summary of Mr. Jerome Powell's testimony prepared for the US Congress hearing:

- The Fed is in a good position to wait and consider cutting interest rates

- Tariffs could push up inflation, negatively affecting the economy

- There is no urgent reason to cut interest rates

- The labor market "remains stable"

- Inflation has decreased but "remains relatively high"

Interest rates and the economic outlook will be two of the most concerned issues at this hearing. Republican lawmakers are expected to put pressure on Powell, asking the Fed chief to explain his wait-and-see stance.

In a post on Truth Social this morning, President Trump also hopes that Congress will "work really hard" with Powell, saying that US interest rates should "go down at least 2-3%" from the current level (currently 4.25-4.5%). There is no urgent reason to lower interest rates. #Fed #JeromePowell $BTC