Several top Fed officials have voiced support for cutting interest rates in the week after the central bank's latest policy decision.

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday, a stance directly at odds with President Donald Trump’s calls for immediate cuts.

The Fed chair told lawmakers the central bank remains focused on ensuring one-time price hikes from higher tariffs won’t become an ongoing inflation problem.