Federal Reserve Chair Jerome Powell is set to face bipartisan scrutiny in congressional hearings this week over banking regulations, inflation, and President Donald Trump’s policy shifts. Lawmakers are expected to challenge Powell on Trump’s deregulation, the Fed’s compliance with the administration’s rollback of DEI policies, and its approach to inflation. Republicans may press Powell on regulatory overhauls and the Fed’s delayed response to inflation, while Democrats could focus on Trump’s tariff threats and their economic impact. Powell will also likely address the Fed’s monetary policy review and efforts to sustain economic stability.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Federal Reserve Chair Jerome Powell is set to face bipartisan scrutiny in congressional hearings
00:07this week over banking regulations, inflation, and President Donald Trump's policy shift.
00:12Lawmakers are expected to challenge Powell on Trump's deregulatory push,
00:17the Fed's compliance with the administration's rollback of DEI policies,
00:21and its approach to inflation.
00:23Republicans may press Powell on regulatory overhauls and the Fed's delayed response to
00:28inflation, while Democrats could focus on Trump's tariff threats and their economic impact.
00:33Powell is also likely to address the Fed's monetary policy review and
00:37efforts to sustain economic stability.