Powell testifies to Congress on the economy and how the Fed plans to fight inflation — 6/23/22

Federal Reserve Chair Jerome Powell on Thursday testifies before the House Financial Services Committee on the U.S. monetary policy and the state of the economy.

In remarks for the Senate Banking Committee a day prior, Powell said the Fed understands the "the hardship high inflation is causing. We are strongly committed to bringing inflation back down, and we are moving expeditiously to do so."

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Powell testifies to Congress on the economy and how the Fed plans to fight inflation — 6/23/22