LIVE: Fed Chair Powell Testifies Before Congress

This podcast features Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, testifying before a congressional committee on the Federal Reserve's Semi-Annual Monetary Policy Report. Members of the committee question Powell on a range of topics, including economic growth, inflation, interest rates, tariffs, housing market, labor force, and the independence of the Federal Reserve. Powell addresses concerns about potential recession, the impact of tariffs on consumer prices, and the Fed's approach to balancing maximum employment and price stability. He defends the Fed's policies, emphasizing its commitment to its dual mandate and its independence from political pressure. The hearing covers various perspectives on the current economic situation and the Fed's role in maintaining stability and promoting economic growth.

Outlines

Part 1: Opening Statements and Economic Perspectives

Part 2: Tariffs, Rates, and Economic Impact

Part 3: Housing, Digital Assets, and Data

Part 4: Policy Decisions and External Pressures

Part 5: Tariffs and Economic Consequences

Part 6: Independence, Energy, and Banking

Part 7: Housing, Leadership, and Climate

Part 8: Regulation, Security, and the Dual Mandate

Part 9: Balance Sheet, Debt, and Future Outlook

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Part 1: Opening Statements and Economic Perspectives

00:00Opening Statements: Economic Outlook and Policy

Opening Statements: Economic Outlook and Policy

04:36Task Force Perspectives: Market Confidence and Economic Challenges

Task Force Perspectives: Market Confidence and Economic Challenges

08:25Federal Reserve's Monetary Policy Report: Economic Conditions and Outlook

Federal Reserve's Monetary Policy Report: Economic Conditions and Outlook

Part 2: Tariffs, Rates, and Economic Impact

13:52Economic Activity, Tariffs, and the Fed's Mandate

Economic Activity, Tariffs, and the Fed's Mandate

19:06Economic Forecasts, Rate Cuts, and Global Uncertainties

Economic Forecasts, Rate Cuts, and Global Uncertainties

24:16Fiscal Policy Assumptions and Interest Rate Considerations

Fiscal Policy Assumptions and Interest Rate Considerations

Part 3: Housing, Digital Assets, and Data

29:44Housing Crisis, Monetary Policy, and Rent Inflation

Housing Crisis, Monetary Policy, and Rent Inflation

34:52Reputational Risk, Digital Assets, and Housing Costs

Reputational Risk, Digital Assets, and Housing Costs

40:05Data Collection, Tariffs, and Economic Uncertainty

Data Collection, Tariffs, and Economic Uncertainty

Part 4: Policy Decisions and External Pressures

45:10Interest Rate Decisions and Economic Data

Interest Rate Decisions and Economic Data

50:01Cyber Threats, Presidential Pressure, and Stablecoins

Cyber Threats, Presidential Pressure, and Stablecoins

53:16National Debt, Interest Rates, and Regulatory Reform

National Debt, Interest Rates, and Regulatory Reform

Part 5: Tariffs and Economic Consequences

58:08Tariffs, Consumers, and the Fed's Independence

Tariffs, Consumers, and the Fed's Independence

1:04:49Immigration, Labor Force, and Economic Growth

Immigration, Labor Force, and Economic Growth

1:10:11Tariff Policy and Economic Impact on Georgia

Tariff Policy and Economic Impact on Georgia

1:15:21Immigration Laws and Economic Consequences

Immigration Laws and Economic Consequences

Part 6: Independence, Energy, and Banking

1:20:31Independence of Monetary Policy and Energy Prices

Independence of Monetary Policy and Energy Prices

1:25:58International Standards and Banking Examinations

International Standards and Banking Examinations

1:30:27Economic Inequality and Federal Government Agencies

Economic Inequality and Federal Government Agencies

Part 7: Housing, Leadership, and Climate

1:35:41Housing Market and Interest Rate Considerations

Housing Market and Interest Rate Considerations

1:40:25Independence of the Federal Reserve and Economic Instability

Independence of the Federal Reserve and Economic Instability

1:45:47Housing Affordability and Climate Policy

Housing Affordability and Climate Policy

Part 8: Regulation, Security, and the Dual Mandate

1:50:30Bank Regulation and Capital Requirements

Bank Regulation and Capital Requirements

1:55:58Economic Challenges and National Security

Economic Challenges and National Security

2:01:20Economic Events and the Dual Mandate

Economic Events and the Dual Mandate

Part 9: Balance Sheet, Debt, and Future Outlook

2:06:46Balance Sheet and Financial Instability

Balance Sheet and Financial Instability

2:11:57Economic Data and Global Energy Markets

Economic Data and Global Energy Markets

2:16:50National Debt and Global Reserve Currency

National Debt and Global Reserve Currency

2:20:25Immigration and Economic Consequences

Immigration and Economic Consequences

2:25:40Inflation and Economic Factors

Inflation and Economic Factors

2:30:31Artificial Intelligence and Check Fraud

Artificial Intelligence and Check Fraud

2:36:12Treasury Market Liquidity and Framework Review

Treasury Market Liquidity and Framework Review

2:40:25Economic Stability and National Debt

Economic Stability and National Debt

2:45:44Tariffs and Economic Uncertainty

Tariffs and Economic Uncertainty

2:52:00Dollar Dominance and Adjournment