Summary List Placement

You have to feel a little bit sorry for Federal Reserve Chair Jerome Powell.

On Tuesday he testified before the House Select Subcommittee on the Coronavirus Crisis, and it was a waste of his time. Both Democrats and Republicans failed to ask productive questions about how the Federal Reserve is responding to the weird economic dislocations caused by the pandemic — inflation being foremost among them. Most lawmakers were just trying to make a political point.

But Republican House members — especially Minority Whip Steve Scalise — were most responsible for turning the hearing into details ⇒

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