More on testimony from Fed’s Cook & Jefferson: critical, essential to bring down inflation

Federal Reserve Governor Lisa Prepare dinner and governor and vice chair nominee Philip Jefferson face a Senate Banking Committee affirmation listening to on Wednesday.

Ready remarks have been launched, abstract put up right here:

Full textual content of their respective testimonies might be discovered right here:

And Reuters have a abstract popped up additionally, hyperlink right here:

• Federal Reserve Governor Lisa Prepare dinner, renominated to a 14-year time period to start when her present one expires in January, took a sterner tone, calling the present second a “important juncture” for the American financial system and observing that “it is going to be important for the FOMC to behave as wanted” to deliver down inflation.