Federal Reserve Chair Powell testifies before House financial services panel — 7/10/24

Federal Reserve Chair Jerome Powell testifies on Capitol Hill before the U.S. House Financial Services Committee on Wednesday.

The appearance comes after Powell appeared before the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday. There, Powell said U.S. economic growth is still solid but acknowledged that the central bank now sees the economy as having the two-sided risk of rising unemployment and inflation that is still above its 2% target.

“Reducing policy restraint too late or too little could unduly weaken economic activity and employment,” Powell said Tuesday.

For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC

https://www.cnbc.com/select/best-cred…

#CNBC
#CNBCTV

Federal Reserve Chair Powell testifies before House financial services panel — 7/10/24

source