Fed Chair Jerome Powell Remains Unfazed by Economic Worries Despite Calls to Act Immediately on Rate Cuts

Growing concerns about the economy pressure Federal Reserve Chair Jerome Powell to act quickly, yet he remains unalarmed. Despite an unexpected rise in unemployment, the Fed sees no immediate need for action, with inflation nearly tamed. Critics like Sen. Elizabeth Warren demand rate cuts to save the labor market, fearing recession amid the election season. Powell dismisses political influence, hinting at possible rate cuts in September.