Powell Confirmation Hearing Could Shed More Light on Plans to Contain Inflation

Posted on AllSides January 11th, 2022
From The Center
economic policy, Federal Reserve, Jerome Powell, inflation, confirmation hearings
PHOTO: ROD LAMKEY/ZUMA PRESS

Federal Reserve Chairman Jerome Powell is expected to win a second term leading the central bank but could face a grilling Tuesday at his Senate confirmation hearing, where he is likely to be pressed over how the central bank will tighten policy to combat inflation.

Mr. Powell and his colleagues at their meeting last month penciled in three quarter-point rate increases this year, and over the past week, they have signaled those rises could start in March.

Mr. Powell has been trying to balance two risks over the past year: raising interest rates...

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https://www.wsj.com/articles/powell-confirmation-hearing-could-shed-more-light-on-plans-to-contain-inflation-11641897004

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