Trump urges Powell to cut interest rates, and the latter says he has support from members of Congress

Gate News bot message, The Federal Reserve (FED) Chairman Powell said on Tuesday that members of Congress privately told him that despite Trump's accusations against Powell and The Federal Reserve (FED) for not cutting interest rates, The Federal Reserve (FED) is "doing the right thing" on the Interest Rate, Powell was asked in the House Financial Services Committee whether he heard from "bipartisan" that the Interest Rate should be lowered.

Powell responded, "I have spoken privately with many members of Congress, and they say you are doing the right thing. I have heard many members of Congress say this in private."