Federal Reserve Chair Jerome Powell is set to speak to Congress about monetary policy, with a focus on interest rates. Despite concerns about inflation not meeting the 2% target, the Fed remains cautious about easing. Powell emphasized the need for more confidence in inflation trends before considering policy changes. His testimony will provide insight into the Fed's approach to economic challenges. The upcoming appearance before the Senate Banking Committee follows the Fed's June meeting where policymakers discussed inflation progress. Powell's remarks will be carefully analyzed for indications of future policy decisions. The Federal Reserve's stance on interest rates and inflation will likely impact financial markets and economic growth. Stay tuned for updates on Powell's testimony before the House Financial Services Committee.