Back to today’s briefing

Story perspectives

Powell Rejects Trump's Rate Cut Request, Stresses Caution

6/26/2025

41 6

Summary

Story summary

Federal Reserve Chair Jerome Powell confirmed that interest rates will not be lowered hastily.
He rejected President Trump's request for a 3 percentage point cut.
Powell highlighted the importance of evaluating the economy's trajectory before altering policies.
These remarks were delivered during his testimony before Congress.

1 of 1

Story summary

Federal Reserve Chair Jerome Powell confirmed that interest rates will not be lowered hastily.
He rejected President Trump's request for a 3 percentage point cut.
Powell highlighted the importance of evaluating the economy's trajectory before altering policies.
These remarks were delivered during his testimony before Congress.