Powell says Fed can wait to reduce interest rates as Trump demands cuts
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(24 Jun 2025) RESTRICTION SUMMARY: POOL Washington, DC - 24 June 2025 1. Wide of the U.S. House Financial Services Committee hearing 2. SOUNDBITE (English) Jerome Powell, U.S. Federal Reserve Chairman: "Despite elevated uncertainty, the economy is in a solid position. The unemployment rate remains low, and the labor market is at or near maximum employment. Inflation has come down a great deal but has been running somewhat above our 2% longer-run objective. We are attentive to the risks on both
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