Monetary Policy and the Economy
2021-07-15T09:29:26-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvNWNlXC8yMDIxMDcxNTA5NDQzNjAwM19oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Federal Reserve Chair Jerome Powell testified on monetary policy and the economy before the Senate Banking, Housing and Urban Affairs Committee. He answered questions on several topics, including the labor shortage, the rise in housing prices, economic inequality, bitcoin and digital currency, the risk posed to the economy by climate change, supply chain bottlenecks, and the impact of immigration on the labor force. Chair Powell also addressed several questions on inflation, saying the current rise in inflation was transitory, and that once the economy strengthens and supply shortages disappear, prices should begin to fall.
Federal Reserve Chair Jerome Powell testified on monetary policy and the economy before the Senate Banking, Housing and Urban Affairs Commit… read more
Federal Reserve Chair Jerome Powell testified on monetary policy and the economy before the Senate Banking, Housing and Urban Affairs Committee. He answered questions on several topics, including the labor shortage, the rise in housing prices, economic inequality, bitcoin and digital currency, the risk posed to the economy by climate change, supply chain bottlenecks, and the impact of immigration on the labor force. Chair Powell also addressed several questions on inflation, saying the current rise in inflation was transitory, and that once the economy strengthens and supply shortages disappear, prices should begin to fall. close
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- Jon Ossoff U.S. Senator (Class 2) [D] Georgia
- Thom Tillis U.S. Senator (Class 2) [R] North Carolina
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