Fed Chair Jerome Powell on Tuesday in prepared testimony before the House Financial Services Committee said that housing inflation is now coming down "quite regularly" after remaining sticky for renters for several years. Watch more: cnb.cx/44ah2S5 | CNBC

Tariffs and Inflation: Powell's Warning on Economic Risks Federal Reserve Chair Jerome Powell recently highlighted a critical issue: higher tariffs are pushing up prices in certain goods, leading to increased overall inflation. In a press conference following a 25-basis-point rate cut, Powell noted that while tariff effects might be temporary, there's a risk they could persist, complicating the Fed's efforts to manage inflation without stifling job growth. This comes as the Fed signals no Decemb