Sen. Pat Toomey, the ranking member of the Senate Banking Committee, warned Thursday that two Biden nominees for financial regulator jobs could abuse the Fed's power.
Federal Reserve Chairman Jerome Powell Tuesday testified before the Senate Banking Committee as part of his nomination process to serve a second term as
Federal Reserve Chairman Jerome H. Powell on Tuesday disputed President Biden's claim that supply-chain problems have eased, telling Congress that persistent bottlenecks are responsible for record-high inflation that could prompt the central bank to raise interest rates more than planned.
Federal Reserve Chairman Jerome H. Powell on Tuesday disputed President Biden's claim that supply-chain problems have eased, telling Congress that persistent bottlenecks are responsible for record-high inflation that could prompt the central bank to raise interest rates more than planned.