Powell to Defend Fed's 'Higher-for-Longer' Rate Policy in Congressional Testimony Federal Reserve Chair Jerome Powell is set to testify before Congress this week, facing pressure from lawmakers on multiple fronts. He will likely defend the Fed’s stance on maintaining high interest rates to combat inflation, despite growing impatience for rate cuts. Powell will also address concerns about the Fed’s plan to increase capital requirements for major banks. As his last scheduled public address to Congress before the presidential election, Powell must navigate these issues while asserting the Fed’s political independence. Recent economic data showing a slowdown in inflation may influence the discussion, but Powell is expected to maintain a cautious approach to potential rate cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Investors Eye Fed Minutes for Gold Price Guidance, as Precious Metal Surpasses $2,000 Mark READ MORE Citi Forecasts Gold Prices Could Hit $3,000 Within a Year READ MORE Gold Hits New Peak: Why It's Just Getting Started READ MORE Sprott Assures Minimal Market Effect from New Copper Fund READ MORE Gold ETFs Wane Despite Highs: A Glimmer of Hope on the Horizon? READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment