
Nick Timiraos|Jun 23, 2025 14:47
Jay Powell testifies in Congress this week facing
• Unprecedented public criticism from the president who wants big cuts to help finance the public debt
• An unusual divide opening up inside the FOMC, where the two people pushing cuts are the two Trump appointees
• A murky economic outlook with risks on both sides
• An upcoming succession drama over who will take his job next year
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