Powell was also asked about the high cost of home ownership and President Trump's trade policies, but as usual, the Fed chair tried to steer clear of politics.

This week’s forthcoming Consumer Price Index report could show easing year-on-year inflation, increasing the potential for Fed interest rate cuts in May or June 2025.

Faced with the threat of rising inflation, the U.S. Federal Reserve will wait until next quarter before cutting rates again, according to a majority of economists in a Reuters poll who previously expected a March cut.

You'll get an idea about when the Federal Reserve might resume cutting interest rates. The Fed and interest rates is a topic of intense discussion worldwide. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 Relatively high rates in the U.