Interest rates going down

Federal Reserve officials appear poised to cut interest rates later this month. Notes from the central bank’s June meeting showed that participants said a rate cut could protect the economy from future blows. Also, Chairman Jerome Powell told Congress that the Fed would “act as appropriate” to sustain the current economic expansion, citing lagging inflation and trade tensions as ongoing threats. He also stressed his independence, telling lawmakers he would not leave his post due to political pressure before his tenure is up. • Here’s what people are saying.