Fed’s Powell heads to Congress with good data in hand but rising uncertainty

Jerome Powell, the Chair of the Federal Reserve, begins two days of hearings on Capitol Hill focusing on the U.S. Economy’s full employment state and expected inflation reduction. He aims to address potential uncertainties stemming from recent Trump administration trade policies.

Powell emphasizes a cautious approach for interest rate decisions, citing recent employment data showing a drop in the jobless rate to 4%. Although the economy currently appears robust, he warns of elevated uncertainties surrounding trade and immigration policies.