Fed chairman Jerome Powell faces nomination hearing

Federal Reserve Chairman Jerome Powell is expected to get grilled about inflation and interest rates, among other topics, during his nomination hearing on Capitol Hill.

Powell, a Republican who has managed to garner bipartisan support and be renominated for a second term by President Joe Biden, will testify before the Senate Banking Committee on Tuesday. While he is expected to win reconfirmation to the role, his appearance gives lawmakers a prime opportunity to probe the country’s top monetary policy official.