Powell is tasked with telling Congress that the central bank will be doing more to control inflation at a time when markets expect it will be doing less.
Fed Chairman Jerome Powell addresses separate House and Senate panels this week as part of biannual hearings on monetary policy.
Powell will have to convince Congress the Fed is doing more to combat inflation at a time when the markets think it will be doing less.Federal Reserve Chairmanis tasked with telling Congress this week that the central bank will be doing more to control inflation at a time when markets expect it will be doing less.causing turmoil in the financial world, Wall Street has quietly dialed down its expectations for Fed action.in 2022, recent pricing now indicates just five moves.
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