House Republicans accused the Democrats leading New York, Denver, Boston and Chicago of protecting criminals. The mayors pushed back and touted their cities’ low crime rates.
Chicago Mayor Brandon Johnson is one of several big-city mayors who will testify on Capitol Hill Wednesday morning.
Chair Jerome Powell says in written remarks that the Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread “uncertainty” stemming from President Donald Trump’s policies to resolve.