Powell Sidesteps Controversy in Speech

Why is the Fed Chair silent on interest rates and Trump's calls for his resignation? Jerome Powell avoids monetary policy talk amidst a blackout period before the upcoming Fed meeting, focusing instead on bank regulation and facing scrutiny over a $2.5 billion building renovation. Treasury Secretary Bessent defends Powell, urging focus on improving non-monetary policy operations. All eyes are now on the late July meeting for potential shifts in monetary policy.