Powell dismissed the possibility of a rate cut in July

Odaily Planet Daily News: When asked if the Federal Reserve is prepared to cut interest rates again at its next meeting in July, Federal Reserve Chairman Powell declined the question during congressional testimony. Powell said, "I don't want to point out a particular meeting. I don't think we need to act too hastily." Republican Congressman Mike Lawler pressed Powell on why the Federal Reserve did not choose to cut interest rates despite the cooling of inflation, which is consistent with President Trump's criticism of the Fed chairman. (Golden Ten)