President Trump has sharply criticized Fed Chairman Jerome Powell for refusing to cut interest rates, urging Congress to press Powell on his decision as he testifies this week, while arguing that other central banks have already eased policy and that lower rates would benefit the U.

Federal Reserve Chair Jerome Powell faces intensifying pressure for rate cuts from the White House and even some of his fellow central bank policymakers as heads to Capitol Hill Tuesday for his semiannual testimony to Congress.

Is the Federal Reserve suddenly open to cutting U.S. interest rates as early as July? That’s what Wall Street investors want to know when Fed Chair Jerome Powell testifies before Congress this week.