Economy

Fed Chair Powell charged with convincing Congress this week that easy policy is still needed

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Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021.

Graeme Jennings | Pool | Reuters

Federal Reserve Chairman Jerome Powell is tasked this week with convincing Congress that the ultra-easy policies the central bank has followed during the pandemic are still the right ones.

It might not be such an easy task this time around.

While Powell’s parleys with Congress have been notably genial affairs, there’s at least a chance this time around that the questioning could get a little pointed. Some in congressional leadership, particularly on the Republican side, have…



Source cnbc.com

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