Federal Reserve Chair Jerome Powell delivered his semiannual Monetary Policy Report before the U.S. Congress over two days, appearing first before the House Financial Services Committee on June 24, 2025, and then before the Senate Banking, Housing, and Urban Affairs Committee on June 25, 2025. During his testimony, Powell addressed the state of the U.S. economy and monetary policy, notably stating that the U.S. is not ready for an interest rate cut and dismissing the possibility of a rate reduction in July 2025. His appearances occurred amid criticism from former President Donald Trump regarding the Federal Reserve's decision to maintain current interest rates. Powell's testimony was broadcast live across multiple platforms, including C-SPAN, CNBC, and Reuters. He concluded his Senate testimony on June 25, emphasizing the central bank's economic outlook and policy stance.