SAN FRANCISCO/WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell got here to Capitol Hill on Wednesday with two objectives: cementing the case for an rate of interest reduce on the finish of this month, and bolstering his personal congressional wall of safety towards a president who has made a each day behavior of Fed bashing unseen for the reason that 1970s.

Federal Reserve Chairman Jerome Powell testifies throughout a Home Monetary Companies Committee listening to on “Financial Coverage and the State of the Financial system” in Washington, U.S. July 10, 2019. REUTERS/Erin Scott

    Inside a couple of minutes of the beginning of what is going to be two days of testimony earlier than Congress, Powell…



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