Federal Reserve Chair Jerome Powell testifies before the Financial Services House Committee. Explosions heard after Iran launches missile strike on US base in Qatar This Florida Beach Was Named the Best in the U.S.—and It’s Famous for Its Powdery White Quartz Sand and Calm Clear Water

Higher tariffs could begin raising inflation this summer, a period that will be key to Federal Reserve consideration of possible rate cuts, Fed Chair Jerome Powell told members of Congress on Tuesday (June 24).