<a href="https://www.washingtonexaminer.com/tag/federal-reserve/" target="_blank" rel="noreferrer noopener">Federal Reserve</a>&nbsp;Chairman&nbsp;<a href="https://www.washingtonexaminer.com/tag/jerome-powell/" target="_blank" rel="noreferrer noopener">Jerome Powell</a>&nbsp;is giving his semiannual <a href="https://www.washingtonexaminer.com/tag/monetary-policy" target="_blank" rel="noopener" title="monetary policy">monetary policy</a> report to the Senate Banking Committee.

The hearing will begin at 10 a.m. EDT from Capitol Hill in Washington, D.C.

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Powell’s testimony comes a week after he said that <a href="https://www.washingtonexaminer.com/tag/inflation" target="_blank" rel="noopener" title="inflation">inflation</a> may not return to the Federal Reserve’s goal of 2% until late 2025 or 2026. Inflation has been above the 2% goal since 2021.

Federal Reserve Chairman Jerome Powell is giving his semiannual monetary policy report to the Senate Banking Committee.{ai:summary}<p>Powell faces Senate Banking Committee in inquiry on inflation projections. #economy</p>

WATCH LIVE: Jerome Powell testifies before Senate Banking Committee - Washington Examiner

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