The Fed chairman will deal with criticisms following the recent policy decisions and actions over interest rates and inflation.
Fed Chairman Will Testify Before Congress Following Interest Rates and Inflation Decisions
Fed Chairman Jerome Powell will testify before Congress to answer questions about the Federal Reserve’s recent decisions and actions on interest rates and inflation following criticisms they have received.
During the scheduled appearances, the Fed chairman is expected to give opportunities for lawmakers to discuss their inquiries and know more about the Fed’s decisions and actions, including how they ended up with the idea of pausing interest rates to address the increasing interest rates in the country.
According to reports from Zenger, Fed chairman Powell must address the issues after critics and lawmakers disagreed with the interest rate decision, claiming that the Fed should reconsider their recent policy decisions.
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Fed Chairman to Answer Questions from Republicans and Democrats Following Recent Decisions on Interest Rates and Inflation
Following the Fed’s recent decisions on interest rates and inflation, the Fed chairman will have to face questions from various lawmakers from Republicans and Democrats who expressed uncertainties about their actions.
The Fed chairman can expect that the Republicans will focus on their concerns about how the Fed supervised the capital requirements while Democrats will try to get answers to regulations announced before.