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.
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