LIVE: Fed Chair Powell Testifies Before Congress

This podcast features Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, testifying before a congressional committee on the Federal Reserve's Semi-Annual Monetary Policy Report. Members of the committee question Powell on a range of topics, including economic growth, inflation, interest rates, tariffs, housing market, labor force, and the independence of the Federal Reserve. Powell addresses concerns about potential recession, the impact of tariffs on consumer prices, and the Fed's approach to balancing maximum employment and price stability. He defends the Fed's policies, emphasizing its commitment to its dual mandate and its independence from political pressure. The hearing covers various perspectives on the current economic situation and the Fed's role in maintaining stability and promoting economic growth.