Powell testifies to Congress: Inflation improves, US officials call for quick interest rate cuts

[Chain News] PANews reported that U.S. Secretary of Commerce Howard Lutnick stated on social media that Federal Reserve Chairman Powell testified in Congress that although tariffs may push up inflation, there has been no related price rise in the past two and a half months, and the overall inflation situation is relatively positive. Lutnick pointed out that the U.S. currently has monthly tariff revenues exceeding $30 billion, which helps reduce the deficit. He urged the Federal Reserve to lower interest rates as soon as possible to reduce borrowing costs and promote economic development.