Powell Heads for ‘Hyper-Charged’ Hearings Overshadowed by Trump
- Powell to testify before Senate and House panels this week
- Top questions likely to include monetary policy, DEI, banking
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Federal Reserve Chair Jerome Powell faces a tough set of hearings this week on Capitol Hill with both Democrats and Republicans likely to prod him on President Donald Trump’s policies ranging from banking regulations to a rollback of diversity, equity and inclusion efforts that has already engulfed the central bank.
Powell’s appearances for his semiannual testimony also come as Trump’s proposals on trade, taxation, immigration and regulation cast uncertainty over the US economic outlook, complicating the Fed’s efforts to lower inflation and sustain a healthy labor market.