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 Should I Buy Silver or Gold? Which Performs Best In a Crisis? READ MORE Treasury Secretary Yellen: Debt Burden Sustainable at Current Levels READ MORE Stacking Gold Bars in BullionStar’s Vault READ MORE Powell Hints at September Rate Reduction if Inflation Eases READ MORE Your Ultimate Guide to the Gold Market READ MORE Add a Comment Cancel replyYour email address will not be published.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