, Chairman of the Federal Reserve System , presents the Semi-Annual Monetary Policy Report and responds to questions before the Senate Banking, House and Urban Affairs Committee."We also expect inflation to move down this year.""Decision last week was to move more slowly.""Staff has been briefing governors on capital proposal, but still there are changes, even this morning.
"Jerome H. Powell first took office as Chair of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. He was reappointed to the office and sworn in for a second four-year term on May 23, 2022. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term.
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