Fed’s Powell heads to Hill for hearing with inflation in focus

Published by
Reuters

(Reuters) – Federal Reserve Chair Jerome Powell will pledge to fight inflation when he testifies on Tuesday at a congressional hearing during which fast-rising U.S. prices will likely spark plenty of lawmaker questions and criticism. Powell appears before the Senate Banking Committee at 10 a.m ET for consideration for a second four-year term as head of the Fed. Lael Brainard, currently a Fed governor, will be questioned by the same panel on Thursday for promotion to a four-year term as Fed vice chair. The positions require majority approval by the full Senate, which is narrowly controlled by P…

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