Powell testifies to Congress on the economy and how the Fed plans to fight inflation — 6/23/22

Federal Reserve Chair Jerome Powell on Thursday testifies before the House Financial Services Committee on the U.S. monetary policy and the state of the economy.

In remarks for the Senate Banking Committee a day prior, Powell said the Fed understands the "the hardship high inflation is causing. We are strongly committed to bringing inflation back down, and we are moving expeditiously to do so."

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online

#CNBC
#CNBCTV
Powell testifies to Congress on the economy and how the Fed plans to fight inflation — 6/23/22

[cuddyb]

The thing that all of these experts fail to take into account is that the politicians will never act fiscally responsible and they will continue to encourage the FED to print money thereby worsening inflation.

[nicholaseff]

How can he say "excluding volatile food and energy" with a straight face? Those are the two most important categories to most people.

[twoweeledsoto]

What a bunch of political BS. They don't need Powell there. Just let all these other good for nothings show up and make their statements.

[annsophiefans]

Comon, man. Why DID somebody seat an attractive busty woman in a tight red dress in a chair next to the person testifying?

[MRMIKE]

Lol Matrix chat going crazy over the woman in the red dress.

[diggingupthepast]

who's the women on the right from him?

[ralphbryant]

These questions are trash. They not explaining nothing

[jamesberryhill]

further more mr powell a gold or silver backed dollar would nice to have again so get it done please right now

[larryadolf]

Great information and knowledge. <Starting early is the best way of getting ahead to build wealth, investing remains a priority. I stand to say Crypto-currency and Stock market still remains the best option for now. truth is If you stay invested and ignore the market's ups and downs, you'll make a lot of money in the long run, that’s why it’s better to trade<I stopped panicking about my BTC the very moment I started working with Kennet Gibbs last year, his confidence and skills is on a maximum level..

[jeremymiller]

When youre too hot for conservative TV

[swb]

Powell to AOC “ Do you really feel qualified to quiz me on monetary policy?”

[theflyer]

I'm making three more dollars an hour compared to a year ago, but feel a lot more poorer today.

[diggingupthepast]

I'm amazed that nobody is talking about the fact we are allready in a RECESSION! YESSS A RECESSION PEOPLE!!!!

[joellamas]

Oh! No! Not black unemployment specifically AOC! Glad you care about all Americans. As if race has any impact on actually monetary policy….there’s less fortunate ppl regardless of races who will suffer from this…

[venkatr]

JP simply repeats for every question - "inflation to 2%, price stability and maximum employment"....just a recorded reply would have saved lot of time

[dxminixn]

Vargas really comparing the US economy with small nations like Latvia and Poland. So intent on excusing Biden rather than actually working to fix the issue

[JH-frkb]

Maybe if you Republicans and Democrats actually have to work together to solve the problem as you are $ paided to do! Instead of being the problem the two sides of our government should perhaps quit blaming one another and become part of the SOLUTION! Or simply not get paid! If I was in a government work place and didn’t get results I’d be fired, put on probation etc! You official argue and blame and nothing gets done on either side. I have a solution!

[kaylakeiser]

I'm thinking that possible invest in more oil might be more important. This should help bring in more money to pay taxes, right? Let finding means to pay employees. This war is very much talked about.

[barsss]

The real question is who is the lady in the red dress behind Powell she the only one that can make him turn on the money printer (we need her name)

[pauln]

Strategic oil is needed until smr's are developed and why not pump the fresh water in the base to refill aquifers