Chairman Powell Testifies, Fed Payments System Goes Down

Federal Reserve Chairman Jay Powell testified on consecutive days before the Senate Banking Committee and the House Financial Services Committee, respectively. Chairman Powell, as he so often does, stuck closely to the script and tried to bob and weave his way around loaded questions and partisan punji pits. Powell has gotten accustomed to the dance and maybe even good at it. In an undercurrent you might not have necessarily noticed if you don’t watch Congressional hearings intently, Republic...

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