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U.S. government debt sold off on Tuesday, leaving long-dated yields higher for a fourth straight session, after Federal Reserve Chairman Jerome Powell expressed patience regarding future adjustments to the central bank's main interest-rate target.
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Jay Powell defends Federal Reserve's authority over US monetary policy Financial TimesPowell Says Fed Doesn't Need to Rush on Rate Cuts The Wall Street JournalFederal Reserve Chair Testifies on Monetary Policy Report C-SPAN Fed's Powell, quizzed about trade, Musk, and bank safety, says economy is fine Reuters
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Fed Chair Powell Eyes 'Restraint For Longer' With Trump Tariffs Set To Boost Inflation; S&P 500 Pauses Investor's Business DailyFed Chair Powell says officials are in no hurry to cut interest rates CNNWatch Fed Chair Powell testify live before the Senate Banking Committee CNBC
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Jerome H. Powell testifies as inflation risks are resurfacing, regulatory changes are in flux and the Federal Reserve's policy independence is in the spotlight.
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Powell called the economy "strong overall" with a "solid" labor market and inflation that is easing but still above the Fed's 2% goal.
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