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Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing, on March 3, 2022 on Capitol Hill in Washington. The Senate Banking Committee approved Powell's nomination to a second four-year term as chair of the Federal Reserve on Wednesday, March 16, 2022, just hours after the Fed began what will be a difficult effort to combat inflation.  (Tom Williams/Pool Photo via AP)

Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing, on March 3, 2022 on Capitol Hill in Washington. The Senate Banking Committee approved Powell's nomination to a second four-year term as chair of the Federal Reserve on Wednesday, March 16, 2022, just hours after the Fed began what will be a difficult effort to combat inflation. (Tom Williams/Pool Photo via AP)

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