"Fed Whisperers": Some of Federal Reserve Chairman Powell's colleagues are growing more concerned about inflation and may push for a discussion on raising interest rates at the Fed's July meeting.

"The Federal Reserve Whisperer" Nick Timiraos published an article saying that some of Fed Chairman Powell's colleagues are growing more concerned about inflation, and they may push for discussions about raising interest rates during the Fed's meeting on July 28-29. Powell will have the opportunity to guide the formation of this consensus when he testifies before Congress this week. By then, he will have the latest inflation data for June - also the last batch of important data to be released before the meeting.