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Watch Jerome Powell testify to Congress on the economy and how the Fed plans to fight inflation

Watch Jerome Powell testify to Congress on the economy and how the Fed plans to fight inflation

[This stream is set to start at 9:30 a.m. ET.]

Federal Reserve Chair Jerome Powell on Thursday concluded two days of testimony in entrance of Congress, talking in entrance of Home members.

In remarks for the Senate Banking Committee a day prior, Powell mentioned 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.”

Powell additionally mentioned that financial circumstances are usually favorable, pointing to a robust labor market and excessive demand.

Powell’s testimony comes after the Fed hiked charges by 75 foundation factors, or 0.75 share level, earlier this month. That marks the Fed’s largest fee hike since 1994.

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