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Jerome Powell Senate Confirmation Hearing Starting Now

US

A link to the hearing can be found here:https://www.banking.senate.gov/hearings/01/04/2022...


  • Powell is expected to receive bipartisan confirmation from the Senate. Four years ago he was confirmed 84-13 although Senator Elizabeth Warren (D-MA) has said she will not support Powell’s nomination due to ‘failures on regulation, climate, and ethics’.
  • Warren is expected to question Powell on Fed officials’ trades and changes to the Fed’s ethics policy. Questions are likely to be sharper in the wake of Vice Chair Richard Clarida’s early resignation yesterday.
  • Although inflation will be the primary focus of the hearing Powell will face questions from Democrats to ensure he’s focused on full employment, the other half of the central bank’s dual mandate.
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