FEDERAL RESERVE Chairman Jerome Powell prepares to testify before the House Financial Services Committee. When Powell last appeared before Congress, inflation had reached a four-decade high of nearly 9% and showed no sign of easing. This week, Powell returns to Capitol Hill for two days of hearings under far different circumstances. / ASSOCIATED PRESS / KEVIN WOLF
WASHINGTON (AP) – When Federal Reserve Chair Jerome Powell last appeared before Congress, in June 2022, inflation had reached a four-decade high of nearly 9% and showed no sign of easing. This week, Powell returns to Capitol Hill for two days of hearings under far different circumstances. The Fed has sharply raised interest rates in…
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