Chair of the Federal Reserve of the United States Jerome Powell at a hearing for the Committee on Banking, Housing, and Urban Affairs to present "The Semiannual Monetary Policy Report to Congress" in the Hart Senate office building in Washington, D.C. on Wednesday, July 9, 2024. (Photo by Annabelle Gordon/Sipa USA)(Sipa via AP Images)
Chair of the Federal Reserve of the United States Jerome Powell at a hearing for the Committee on Banking, Housing, and Urban Affairs to present "The Semiannual Monetary Policy Report to Congress" in the Hart Senate office building in Washington, D.C. on Wednesday, July 9, 2024. (Photo by Annabelle Gordon/Sipa USA)(Sipa via AP Images)
Chair of the Federal Reserve of the United States Jerome Powell shakes hands with United States Senator Mike Rounds (Republican of South Dakota) at a hearing for the Committee on Banking, Housing, and Urban Affairs to present "The Semiannual Monetary Policy Report to Congress" in the Hart Senate office building in Washington, D.C. on Wednesday, July 9, 2024. (Photo by Annabelle Gordon/Sipa USA)(Sipa via AP Images)
Chair of the Federal Reserve of the United States Jerome Powell at a hearing for the Committee on Banking, Housing, and Urban Affairs to present "The Semiannual Monetary Policy Report to Congress" in the Hart Senate office building in Washington, D.C. on Wednesday, July 9, 2024. (Photo by Annabelle Gordon/Sipa USA)(Sipa via AP Images)