Federal Reserve Chair Jerome Powell delivered his semiannual Monetary Policy Report to the U.S. Congress over two days of testimony before the House Financial Services Committee on June 24, 2025, and the Senate Committee on Banking, Housing, and Urban Affairs on June 25, 2025. During the hearings, Powell addressed questions on U.S. monetary policy, emphasizing that the U.S. economy is not ready for an interest rate cut at this time. His testimony took place amid criticism from former President Donald Trump regarding the Federal Reserve's decision not to reduce interest rates. Powell’s remarks were delivered live and covered by multiple major news outlets, highlighting his stance on maintaining current interest rate policies despite external pressures. The sessions were broadcast live on platforms including C-SPAN, CNBC, and Reuters.