Powell is about to testify in Congress: Reaffirming the Fed's reluctance to cut interest rates, waiting for clarity on tariffs impacting

According to the Securities Times app, Federal Reserve Chairman Powell will testify before the House Financial Services Committee at 10 p.m. Beijing time on Tuesday with his semi-annual monetary policy report. Powell is expected to reiterate to members of Congress that the Federal Reserve is not in a hurry to lower interest rates, as policymakers await clearer signals on the economic impact of President Trump's tariff policies.