Federal Reserve Chair Jerome Powell begins two days of hearings on Capitol Hill on Tuesday with the economy around full employment, inflation expected to ease, and intense uncertainty about how all that will hold up under Trump administration trade and other policies that are still unfolding.

Federal Reserve Chair Jerome Powell is on Capitol Hill this week for his twice-yearly testimony before Congress. Powell appeared before the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday.

Powell warned that quicker rate cuts could potentially reignite inflation, while a prolonged pause could destabilize the economy.