The Fed chair told lawmakers that the central bank could afford to be patient amid uncertainty about how President Trump’s policies would affect the economy, even as divisions between officials emerged.

Two Fed Governors are open to July rate cuts adding to the pressure on Powell. Fed Governor Waller on Rate Cuts CNBC reports Fed Governor Waller Says Central Bank Could Cut Rates as Early as July. Federal Reserve Governor Christopher Waller said Friday that he doesn’t expect tariffs to boost inflation significantly so policymakers