Tag: powell congress

The House Transportation and Infrastructure Committee holds a hearing to examine implementation of the Infrastructure Investment and Jobs Act. U.S. Department of Transportation Secretary Pete Buttigieg testifies at the hearing. » Subscribe to CNBC TV: » Subscribe to CNBC: Turn…

Kentanji Brown Jackson is making history Thursday as the first-ever black woman to be sworn in as a justice on the U.S. Supreme Court. Brown, 51, replaces Justice Stephen Breyer, whose resignation from the Supreme Court becomes effective at noon…

Federal Reserve Chairman Jerome Powell speaks Wednesday to a European Central Bank forum on central banking. The Fed and its global counterparts have been in a race to bring down inflation running at its highest level in decades not only…

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 Senate Banking, Housing, and Urban Affairs Committee holds a hearing on the semiannual monetary policy report to Congress. Federal Reserve Chairman Jerome Powell testifies before the committee on fighting inflation and the state of the economy. » Subscribe to…

The Federal Reserve on Wednesday is expected to do something it hasn’t done in 28 years — increase interest rates by three-quarters of a percentage point. In response to soaring inflation and volatile financial markets, the central bank will hike…

The Federal Reserve is widely expected to raise its fed funds target rate by a half-percentage point Wednesday, but investors will be more focused on whether it signals it could get even tougher with future rate hikes. The Fed also…

Sara Eisen hosts the IMF’s debate on the global economy, as countries around the world grapple with inflation, the fallout from the pandemic, changing central bank policies, and the war in Ukraine. Panelists include Fed Chair Jerome Powell, IMF Managing…