⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Federal Reserve Chair Jerome Powell emphasized to lawmakers that the US central bank is not eager to reduce interest rates until they are certain about overcoming inflation. In his testimony to a House panel, Powell indicated that while it may be appropriate to start lowering borrowing costs at some point this year, the conditions for doing so have not been met yet.