Fed Chairman Jerome Powell’s Approach to Interest-Rate Policy Wins Bipartisan Backing

President Trump’s relentless public criticism of the man he picked to run the Federal Reserve, Jerome Powell, isn’t broadly shared by lawmakers who confirmed the central bank leader to his post last year.

The Fed chairman heads to Capitol Hill for two days of testimony beginning Wednesday, and lawmakers on both sides of the aisle have mostly commended the job he is doing. In interviews, they declined to endorse Mr. Trump’s call for the Fed to cut interest rates and said they would oppose efforts by the president to remove Mr. Powell from office.