Fed Chairman Jerome Powell to Tell Congress Inflation ‘Likely to Stay Elevated Over Next Few Months’

Fed Chairman Jerome Powell to Tell Congress Inflation ‘Likely to Stay Elevated Over Next Few Months’
Federal Reserve Board Chairman Jerome Powell testifies at a House Coronavirus Subcommittee hearing on Capitol Hill in Washington on June 22, 2021. Graeme Jennings/Pool via Getty Images
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Federal Reserve Chairman Jerome Powell is set to appear at a hearing on Sept. 28 where he will tell Congress that inflation is likely to stay elevated over the next few months.

Powell will speak Tuesday morning before the Committee on Banking, Housing, and Urban Affairs, in Washington, D.C. as part of a mandated testimony regarding the Fed’s economic response to the COVID-19 pandemic.