- Advertisement -Newspaper WordPress Theme
FinanceWatch Jerome Powell testify to Congress on the economy and how the...

Watch Jerome Powell testify to Congress on the economy and how the Fed plans to fight inflation

[This stream is set to start at 9:30 a.m. ET.]

Federal Reserve Chair Jerome Powell on Thursday concluded two days of testimony in entrance of Congress, talking in entrance of House members.

In remarks for the Senate Banking Committee a day prior, Powell stated the Fed understands the “the hardship high inflation is causing. We are strongly committed to bringing inflation back down, and we are moving expeditiously to do so.”

Powell additionally stated that financial situations are typically favorable, pointing to a robust labor market and excessive demand.

Powell’s testimony comes after the Fed hiked charges by 75 foundation factors, or 0.75 proportion level, earlier this month. That marks the Fed’s largest price hike since 1994.

Subscribe to CNBC PRO for unique insights and evaluation, and stay enterprise day programming from round the world.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive content

- Advertisement -Newspaper WordPress Theme

Latest article

More article

- Advertisement -Newspaper WordPress Theme