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Powell warned the labor market continues to show some initial signs of weakness. Powell also cracked open the door to additional rate cuts this year.

House GOP sidesteps Trump’s call for a Powell beatdown

Federal Reserve Chair Jay Powell testified before the House Financial Services Committee this morning. It was a mild affair, despite an appeal from the White House to rake over the central banker.

President Donald Trump posted very early Tuesday morning that he hoped “Congress really works this very dumb, hardheaded person, over” during Powell’s appearance today.

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Presented by AstraZeneca

The 340B program was created to help patients. Instead, it’s helping hospitals earn massive profits. The 340B Rebate Model Pilot uses rapid verification of existing data to prevent duplicate discounts, strengthening program transparency and efficiency. Urge HHS to implement the Rebate Model Pilot and ensure 340B functions as intended. Get the facts.

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Presented by AstraZeneca

The 340B program is supposed to help vulnerable patients—but without strong safeguards, it’s siphoning away funds that could be used for free and charitable medicine. The 340B Rebate Model Pilot improves program integrity, preventing duplicate discounts and strengthening accountability. Urge HHS to implement the pilot today. Learn why it matters.

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