 The Federal Reserve Chairman is testifying at the Senate. Over the past two years, the economy has made considerable progress toward the Fed's 2% inflation goal. But Jerome Powell also just told senators they aren't there yet. So the Fed is not ready to cut interest rates, which are raised to bring inflation down from its 9% peak in 2022. On Wall Street this morning, we're seeing the Dow. It is down 77, but the Nasdaq's up 48. I'm Dave Anthony. This is Fox News.