Jerome Powell is likely to face questions from senators about the Federal Reserve’s independence from political pressure, after frequent criticism from President Trump
WASHINGTON—Federal Reserve Chairman Jerome Powell heads to the Senate Banking Committee on Thursday for a second day of Capitol Hill testimony to answer more questions from lawmakers about the outlook for the economy, interest rates and the central bank’s independence.
Mr. Powell signaled Wednesday to the House Financial Services Committee that the central bank is ready to cut interest rates later this month to bolster the U.S. economy as it faces risks from slowing global growth and uncertainty about trade disputes.
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