Powell Tells House Panel Fed Remains Focused on Inflation, Avoids Tariff Debate

Federal Reserve Chair Jerome Powell reiterated the central bank’s commitment to keeping inflation under control during his semiannual testimony before the House Financial Services Committee on Tuesday, while distancing the Fed from commenting on trade or tariff policy.

“It’s not the Fed’s role to comment on tariff policy,” Powell said in response to questions about the economic effects of President Trump’s recent tariffs. The Fed Chair emphasized that the full impact of the new trade measures remains uncertain and that the central bank would continue monitoring economic data as it becomes available.

Powell described the current. . .