Happening Now: Powell Faces Questions Before Senate Amid Interest Rate Criticism
June 25, 2025
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2:06:54Now PlayingHappening Now: Powell Faces Questions Before Senate Amid Interest Rate Criticism
YouTube Description
as posted by the channelFederal Reserve Chair Jerome Powell will give his semiannual testimony before the Senate Banking Committee on Wednesday morning, as pressure continues to mount over the central bank's decision not to lower interest rates.
Powell, who faced questioning before a House panel Tuesday, has maintained that the volatility of the market and uncertainty around Trump's tariff agenda and conflict in the Middle East led the Fed to keep rates steady. The president has hammered him in recent months to lower the rates — citing positive job numbers and decreases in inflation — and even threatened to remove him from his position.
The hearing is scheduled to begin at 10 a.m. EDT.
Watch the live video above.
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