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.

President Trump’s increasingly sharp attacks on Federal Reserve Chair Jerome Powell show how the president has few good options to get the monetary policy he wants without making a more persuasive arg

Fed policymakers left the central bank's overnight rate unchanged at a range of 4.25% to 4.5%, where it has remained since December.