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Powell Faces Decision on Whether to Reverse Fed Rate Cuts as Officials Debate Rate Hike

2026-07-13 02:53:35

According to Nick Timiraos, widely regarded as the Federal Reserve's mouthpiece, Fed Chair Powell held his first meeting as chairman in June and maintained interest rates unchanged by consensus. However, consensus could become more difficult to maintain, as some Fed officials have grown increasingly concerned about inflation and may push for discussions on raising rates at the Fed's July 28-29 meeting. During congressional testimony this week, Powell will have the latest June inflation data—the final significant economic data before the July meeting—which could help shape the direction of policy discussions.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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