House Hearing on Monetary Policy and the State of the Economy
2022-03-02T10:00:21-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMjIyXC8yMDIyMDMwMjEwMjUyMTAwM19oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Acting Federal Reserve Chair Jerome Powell said he expected to propose and support a 25-basis-point (0.25%) interest rate hike at the next board meeting. He made this announcement during a House Financial Services hearing. The acting chair, who President Biden nominated to serve a second-term but has not been confirmed by the Senate, also spoke extensively about inflation concerns and the rising cost of goods and housing. He warned the Fed’s monetary policy may need to adjust based on events surrounding the Russian invasion of Ukraine.
Acting Federal Reserve Chair Jerome Powell said he expected to propose and support a 25-basis-point (0.25%) interest rate hike at the next b… read more
Acting Federal Reserve Chair Jerome Powell said he expected to propose and support a 25-basis-point (0.25%) interest rate hike at the next board meeting. He made this announcement during a House Financial Services hearing. The acting chair, who President Biden nominated to serve a second-term but has not been confirmed by the Senate, also spoke extensively about inflation concerns and the rising cost of goods and housing. He warned the Fed’s monetary policy may need to adjust based on events surrounding the Russian invasion of Ukraine. close
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- Frank D. Lucas U.S. Representative [R] Oklahoma
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