Powell Affirms Stance on Monetary Policy in Congressional Testimony

U.S. Federal Reserve Chairman Jerome Powell maintained his current stance on monetary policy, stating the economy is stable and allowing for patience in any potential adjustments.

Powell emphasized waiting for more economic data before considering policy changes.
Fed Governors Waller and Bowman expressed support for a rate cut if inflation remains low.
Current odds for a rate cut in July are 18.6%; expectations rise to over 80% for September.

This testimony aligns with ongoing discussions about monetary policy amid President Trump's criticism of Powell's cautious approach.