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Economy Week Ahead: the Fed, Inflation, Consumers
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Federal Reserve Chairman Jerome Powell’s confirmation hearing and the latest readings on inflation highlight this week’s economic calendar.
Mr. Powell appears before a Senate panel as lawmakers weigh his nomination to a second term leading the central bank. President Biden’s selection of Mr. Powell shows a desire for continuity in U.S. economic policy despite pushback from some Democrats who wanted someone tougher on bank regulations and climate change. Governor Lael Brainard’s hearing to become vice chair is set for Thursday.
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