Fed Chairman Jerome Powell speaks in front of the Senate Committee on Banking, Housing and Urban Affairs on Tuesday.
Powell to caution Washington legislators that the causes of the recent rise in inflation may last longer than anticipated.
In a speech that he will deliver to the Senate Banking Committee, the central bank chair said economic growth has “continued to strengthen” but has been met with upward price pressures caused by supply chain bottlenecks and other factors.
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Fed Chair Powell and Treasury Secretary Yellen testify before Congress on CARES Act — 9/28/21