Federal Reserve Chair Jerome Powell is set to tell lawmakers on Tuesday that the central bank remains focused on making sure any one-time increases in prices from higher tariffs won’t turn into an “ongoing inflation problem,” the Wall Street Journal reports.
Politico: As Trump fumes, Powell tells lawmakers he’s in no rush to lower rates.
Limited-time offer
Members get Talking Points analysis, Trending News, the Polling Dashboard, the Trial Balloon podcast, new site features and no ads. Start your free trial
Political Wire is reader-supported. Join for ad-free reading, member posts and new features →
Taegan Goddard
Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.
More about Taegan Goddard →
?Political Trivia
Eight moments in political history. Put them on a timeline.
Play →
Five senators. Three bills. Can you guess how they all voted?
Play →
Nine Justices. One case. How did they rule?
Play →
Do you have your finger on the pulse of America?
Play →
Four questions a day.
Play →
A new game every day.