Fed's Powell Indicates Openness to Rate Cut as Outlook Dims

Chairman Powell's testimony highlights the Fed's consideration of a rate cut due to trade tensions and global economic concerns. Despite muted inflation and a healthy labor market, uncertainties persist. The Fed emphasizes its independence in decision-making, with a likely rate cut aligning with President Trump's desires.

What does Powell say about the Fed's independence in pursuing its goals?

What is the bottom line regarding the June jobs data and the Fed's analysis?