Treasury Secretary Yellen & Fed Chairman Powell Testify Before Senate Banking Committee

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Treasury Secretary Yellen & Fed Chairman Powell Testify Before Senate Banking Committee

Watch CoinDesk Video: Treasury Secretary Yellen & Fed Chairman Powell Testify Before Senate Banking Committee. In prepared testimony, Federal Reserve Chairman Jerome Powell says the omicron variant of the coronavirus poses "downside risks to employment and economic activity and increased uncertainty for inflation." He added, “Greater concerns about the virus could reduce people’s willingness to work in person, which would slow progress in the labor market and intensify supply-chain disruptions.”

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CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.

Bitcoin and other crypto news, prices and info. Senate Banking Committee to Hold Nomination Hearings for Jerome Powell, Lael Brainard. 'We are not at risk of hyperinflation' — U.S. Treasury Secretary Janet Yellen. Treasury Secretary Yellen Says Inflation Could Reach 3% This Year As Recovery Continues. Treasury Secretary Janet Yellen Warns Of ‘extremely Inefficient’ Bitcoin. US Senators Urge Treasury Secretary Janet Yellen to Clarify Infrastructure Bill Language Before 2022. A Bitcoiner Is Now on the Senate Banking Committee. Senate Banking Committee Hearing on Crypto. Stablecoins in Spotlight at Senate Banking Committee Hearing. Senate Banking Committee to Hold Stablecoin Hearing Tuesday. Senate Banking Committee Holds GameStop Hearing, NFT Regulations and More. Sen. Warren Taking Aim at Stablecoins During Senate Banking Committee Hearing. Yellen & Powell testify: 'Failure to raise debt ceiling will trigger financial crisis, calamity'.

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