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LIVE: Fed Chair Powell testifies before Senate banking panel on state of the U.S. economy — 6/25/25
CNBC Television· 2025-06-25 13:33
Federal Reserve Chair Jerome Powell is back Wednesday on Capitol Hill, this time speaking to the Senate banking committee as part of his semiannual monetary policy testimony. In his remarks Tuesday before the House Financial Services Committee, the central bank leader asserted that the Fed is "well positioned to wait" on interest rate policy as it watches the impact that tariffs will have on inflation. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe ...
Fed Chair Powell: The best thing we can do for housing is restore price stability
CNBC Television· 2025-06-24 15:12
Thank you so much, Mr. . Chairman. Um, Chair Pal, last month there was research published um in the Journal of Urban Health that found that more than half of black women of reproductive age, that's the term they use, in the counties that I represent that had experienced some sort of eviction during their lifetime.Um, so that's like 50% of black women in the two two largest county, Wayne County and Oakland County and Michigan. Um, and these numbers are horrific. Um, as you know, were you aware of that.No, I ...
Fed Chair Powell: Rate decision depends on path of the economy, highly uncertain
CNBC Television· 2025-06-24 14:58
branch. What's your thought about her. Quote.>> I personally think that's a very reasonable way to think about it. >> Thank you very much. I yield back.The gentleman from New York is recognized for five minutes. >> Thank you, Mr. . Chairman.Good morning, Mr. . Chair. Chair Powell, and thank you for being here.Last week, the FOMC decided to maintain the target range for the federal funds rate at four and a quarter to 4.5%. While I was not surprised by the decision to hold rates steady, I was surprised by the ...
LIVE: Federal Reserve Chair Powell testifies before House committee on U.S. monetary policy—6/24/25
CNBC Television· 2025-06-24 13:26
Federal Reserve Chairman Jerome Powell delivers the Fed's semi-annual monetary policy report to the House Financial Services Committee on Tuesday. Powell on Tuesday emphasized the central bank’s commitment to keeping inflation in check, saying he expects policymakers to stay on hold until they have a better handle on the impact tariffs will have on prices. In remarks to be delivered to two congressional committees this week, Powell characterized economic growth as strong and the labor market to be around fu ...