Powell: ‘We’re close, but not there yet on inflation’
Fed chair also addresses bank independence, climate risk and CBDCs during testimony before Congress
Jerome Powell answered questions on housing affordability, the independence of the US Federal Reserve and digital currencies during his appeared before both houses of Congress on February 11 and 12.
The Fed chair appeared before the Senate on February 11 and the House of Representatives today (February 12).
“I would say we’re close, but not there on inflation,” Powell told the House. Earlier in the day, the Bureau for Labor Statistics reported that year-on-year consumer price index inflation had
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