Jerome Powell

Fed Chairman To Deal Criticisms Following Recent Policy Decisions and Actions Over Interest Rates, Inflation

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The Fed chairman will deal with criticisms following the recent policy decisions and actions over interest rates and inflation.

Federal Reserve
The Fed chairman will deal with criticisms following the recent policy decisions and actions over interest rates and inflation. (Photo: Yahoo Finance)

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.

READ ALSO: Lowering Interest Rates Instead Of Interest Rate Hikes Will Help Boost The US Economy

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.

READ ALSO: Rising Costs, Hiring Enough Workers Continuously Affect Small Businesses Despite Inflation Slowing Down