Federal Reserve Chair Jerome Powell faces congressional testimony this week amid mounting political pressure from President Trump to cut interest rates. Lawmakers are expected to question Powell on the Fed’s cautious stance, Trump’s tariff-driven economic uncertainty, and proposals affecting banking regulations and reserve payments. Meanwhile, new data shows U.S. home-price growth slowed to 2.7% in April, the weakest pace since mid-2023, as high mortgage rates and economic concerns cooled buyer demand.

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