CNBC Television published this video item, entitled “LIVE: Fed Chair Jerome Powell and Treasury Secretary Janet Yellen testify before Congress — 11/30/21” – below is their description.
Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen speak before the Senate Committee on Banking, Housing and Urban Affairs on Tuesday.
The Fed chief and Treasury secretary are required to report to Congress each calendar quarter as part of the March 2020 economic-relief legislation that magnified the central bank’s emergency lending programs.
Powell believes that the omicron variant of Covid-19 and a recent uptick in coronavirus cases pose a threat to the U.S. economy and muddle an already-uncertain inflation outlook. “The recent rise in COVID-19 cases and the emergence of the Omicron variant pose downside risks to employment and economic activity and increased uncertainty for inflation,” Powell said in remarks he plans to deliver to Senate lawmakers.
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LIVE: Fed Chair Jerome Powell and Treasury Secretary Janet Yellen testify before Congress — 11/30/21
CNBC Television YouTube Channel
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