Federal Reserve Chairman Jerome Powell seems earlier than the Home Monetary Providers Committee to current the semiannual financial coverage report and talk about the state of the U.S. economic system.
Powell nonetheless sees rate of interest hikes coming, however famous Wednesday that the Russia-Ukraine warfare has injected uncertainty into the outlook.
In remarks ready for twin appearances this week earlier than Home and Senate committees in Congress, the central financial institution chief acknowledged the “large hardship” the Russian invasion of Ukraine is inflicting.
“The implications for the U.S. economic system are extremely unsure, and we can be monitoring the scenario carefully,” Powell stated.
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Fed Chair Jerome Powell testifies earlier than Congress on financial coverage and economic system — 3/2/22
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