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Federal Reserve Chairman Jerome PowellIn his second term as the Head of the Central Bank, Senator Banking Committee will hear testimony Tuesday.
Powell will deliver prepared remarksAsk questions of panelists. He made his case for another term by stating that the economy was recovering well from the pandemic and that the banking system is stable.
He also expressed concern about inflation, and stated that the Fed would take all necessary measures to reduce rising prices.
The Federal Reserve is there for everyone. He stated in a statement that the Federal Reserve’s decisions are important to everyone, including families, businesses, communities, across the nation. I am determined to make those decisions objectively, with integrity, honesty, and impartiality. They will be based on all available evidence and the long-standing tradition monetary policy independence.
Powell’s appearance is followed by the hearing of current Fed Governors on Thursday Lael BrainardNominated to the Vice Chair position is.