Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Thursday, July 15, 2021. Powell said yesterday the U.S. economic recovery still hasn’t progressed enough to begin scaling back the central bank’s massive monthly asset purchases. Photographer: Al Drago/Bloomberg via Getty Images During testimony before Congress on Thursday, lawmakers expressed concern to Federal Reserve Chair Jerome Powell that the central bank’s policies are decreasing Americans’ access to affordable housing.
In his prepared remarks , Powell said that inflation “has increased notably and will likely remain elevated in coming months before […]
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