Federal Reserve Chair Jerome Powell emphasized that the bank will be patient in adjusting interest rates on Tuesday as inflation remains stubbornly high and economic growth continues apace. The centra

The Fed chair is expected to deliver a simple message to lawmakers: Because the economy is doing well, the Fed can take its time to decide when and whether to lower interest rates.

Federal Reserve Chairman Jerome Powell will answer questions from members of the Senate Banking Committee starting at 10 a.m. Eastern. Economists hope the lawmakers will press Powell on what he means when he said there is "no hurry" to cut the benchmark interest rate any further.