The U.S. consumer-price index, set for release Wednesday, is forecast to top 7% for the first time since 1982
Mr. Powell appears before a Senate panel as lawmakers weigh his nomination to a second term leading the central bank.
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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