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Federal Reserve Chair Jerome Powell will make his six-monthly remarks on monetary policy and the economy this week at Capitol Hill.
The first was the appearance of Tuesday before the Senate Banking Committee, during which he is expected to be plagued by questions about his position regarding the Trump administration, inflation and the state of the labor market.
Additionally, lawmakers may also be seeking Powell’s views on banking regulations as vice-chairman of Michael Barr’s oversight and as the Fed traces a set of controversial banking regulatory proposals.
So far, Powell and his colleagues have avoided saying much about Trump’s tariffs, but some officials have said that if they cause a broader trade war, they will be forced to inflation. I’m worried about the impact of this. Regarding monetary policy, the Fed is expected to be on hold until at least June or July, but it assesses a range of dynamics.
Powell will speak Wednesday before the House Financial Services Committee.
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