McConnell Decries Biden Federal Reserve Vice Chair Nominee As Too ‘Woke’ For Central Bank
Senate Minority Leader Mitch McConnell criticized Sarah Bloom Raskin, President Biden’s nominee to serve as vice-chair of supervision at the Federal Reserve, accusing her of viewing the central bank as a vehicle to enact climate change policy. READ MORE: http://hill.cm/vtmQyCV
Fed Chair Hints At Rate Hike ‘Soon’ At Briefing On Monetary Policy
Federal Reserve Chair Jerome Powell said the central bank would kept its interest rates range at near-zero levels Wednesday but hinted it would soon boost borrowing costs after a year of surging inflation. READ MORE: http://hill.cm/NtANGLO
‘Serious Diversity Problem’: Menendez Slams Powell For Absence Of Latino Leadership At Fed
During a Tuesday confirmation hearing, Federal Reserve Chairman Jerome Powell was asked by Sen. Bob Menendez (D-NJ) about an absence of Latinx leadership at the Federal Reserve.
‘Nothing To Do With The Fed’: Toomey Grills Powell About Political Activism At Regional Fed Banks
Sen. Pat Toomey (R-PA) asked Federal Reserve Chair Jerome Powell during a confirmation hearing about the political activity at regional federal reserve banks, citing climate issues and racial justice.