Federal Reserve Chair Jerome Powell is in no hurry to lower interest rates despite calls from President Trump and looming price pressures coming from tariffs. Testifying before the House Financial Services Committee on Tuesday, Powell stood by recent statements that the Fed will react to changes in the data as they come in, as opposed to following a predetermined path on monetary policy. “For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance,” he said in his opening statement. During testimony, Powell ... (full story)