Federal Reserve Chairman Jerome Powell is the nation’s prime inflation watchdog. When he testifies earlier than Congress Wednesday, Powell is certain to be requested concerning the current spike in shopper costs.
SACHA PFEIFFER, HOST:
Federal Reserve Chairman Jerome Powell testifies earlier than Congress at this time. He’ll virtually actually be requested about this week’s inflation report. It exhibits shopper costs within the U.S. climbing on the quickest tempo in 13 years. Powell has repeatedly stated he thinks larger inflation is more likely to be short-term, however he is additionally acknowledged that financial forecasters haven’t got one of the best observe