Federal Reserve Chair Testifies on Inflation & Monetary Policy

Federal Reserve Chair Jerome Powell acknowledged the Fed “underestimated” the risk of inflation but assured members of the House Financial… read more

Federal Reserve Chair Jerome Powell acknowledged the Fed “underestimated” the risk of inflation but assured members of the House Financial Services Committee that a recession is not inevitable. Chair Powell said the Federal Reserve Board is aiming for a three to a three and a half percent interest rate by the end of 2022. During testimony he warned that rising interest rates could have a negative impact on unemployment and would likely effect the housing market. He explained the purpose of rising rates would dampen demand in order to allow supply to catch up. close

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Federal Reserve Chair Testifies on Inflation & Monetary Policy

942 Views
Program ID:
521122-1
Category:
House Committee
Format:
House Committee
Location:
2128, Rayburn House Office Building, Washington, District of Columbia, United States
First Aired:
Jun 23, 2022 | 10:02am EDT | C-SPAN 3
Last Aired:
Jun 27, 2022 | 2:56am EDT | C-SPAN 1

Airing Details

  • Jun 23, 2022 | 10:02am EDT | C-SPAN 3
  • Jun 23, 2022 | 10:02am EDT | C-SPAN RADIO
  • Jun 24, 2022 | 6:23am EDT | C-SPAN 2
  • Jun 24, 2022 | 3:42pm EDT | C-SPAN 2
  • Jun 26, 2022 | 3:55am EDT | C-SPAN 1
  • Jun 27, 2022 | 2:56am EDT | C-SPAN 1
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Federal Reserve Chair Testifies on Inflation & Monetary Policy

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