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

DeFi Daily News by DeFi Daily News
July 10, 2024
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Federal Reserve Chair Powell testifies before House financial services panel — 7/10/24
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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.

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

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Tags: Bidenbiden administrationbreaking newsbusiness newsCablecable newsChaircnbccongressfedfed chairFederalFederal Reservefinance newsfinance stockfinancialGOPHouseinterest rate hikeinterest ratesjay powelljerome powelljobsJoe BidenMoneymoney tipsnews channelnews stationpanelPowellpresident bidenpress secretaryrate hikeRepublicansReserveServicesStock markettestifiesunemploymentus newswhite houseworld news
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