Federal Reserve Chair Jerome Powell Testifies Before Congress on Inflation and Hiring as Concerns Grow
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#82b698e3 ver:0.15

Federal Reserve Chair Jerome Powell testifies before Congress on inflation and hiring concerns. Powell emphasizes need for confirmation of slowing inflation before considering rate cuts. Recent data shows softer economic growth and higher unemployment rates. CPI data for June expected to show modest increase in inflation. Jobless rate reaches highest level since late 2021. Powell's testimony to cover interest rates and banking system. Investors watch upcoming inflation report. Labor market shows signs of moderation. Biden faces skepticism on potential reelection. Q2 earnings season underway. #Fed #inflation #jobs #economy...

#newstr #FederalReserve #Inflation #Hiring #InterestRates #ConsumerPriceIndex #Unemployment #BorrowingCosts #EconomicGrowth #JobGains #JoeBiden #Q2Earnings 

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