And most recently, the director of the Federal Housing Finance Agency joined the chorus, urging the Fed to resume rate cuts. But despite growing political pressure, don’t expect Powell or the central bank to act anytime soon,

The Federal Reserve will likely be able to lower interest rates this year, and recent data supports this outlook, Fed Governor Christopher Waller said.

Federal Reserve Governor Christopher Waller said on Monday that interest rate cuts remain possible later this year even with the Trump administration's tariffs likely to push up price pressures temporarily.