Economics

Powell Heads for Senate Vetting Punctuated by Inflation Urgency

Fed chair appears before Senate Banking Committee on Tuesday
U.S. central bank poised to start tightening as soon as March

WATCH: Former New York Fed President Dudley says the central bank needs to contain inflation through faster than expected policy tightening. Source: Bloomberg

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By Matthew Boesler

January 10, 2022 at 12:00 PM UTC

Updated on

January 10, 2022 at 3:50 PM UTC

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Jerome Powell is set to be grilled on the Federal Reserve’s sharpest shift toward monetary tightening in decades at a hearing Tuesday on his nomination for another four years at the central bank’s helm.