Federal Reserve Chair Jerome Powell is scheduled to testify before Congress Tuesday, where he will likely face question about interest rates, the Fed's independence from politics, and the impact of the U.

Federal Reserve Chairman Jerome Powell will appear before Congress on Tuesday as President Donald Trump continues to push the independent central bank to lower interest rates.

Waller highlighted that inflation has been running close to the Fed’s 2% target, and said the current rate setting (targeting 4.25%-4.5%) is 1.25 to 1.5 percentage points above neutral -- in other words,