Here's What We Learned From Powell's First Fed Chair Testimony
- Powell talks fiscal policy, deficits, wages and balance sheet
- Repeated personal views raise questions about change in style
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Federal Reserve Chairman Jerome Powell appeared Tuesday before the House Financial Services Committee, his first testimony since he took charge earlier this month. He moved markets with his upbeat economic assessment, and also dropped some hints about how his views and style might differ from his predecessor, Janet Yellen.
Here are a some observations beneath the main headlines: