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Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington, Feb. 12, 2020. President Joe Biden announced Monday, Nov. 22, 2021, that he's nominating Jerome Powell for a second term as Federal Reserve chair, endorsing Powell's stewardship of the economy through a brutal pandemic recession in which the Fed's ultra-low rate policies helped bolster confidence and revitalize the job market. (AP Photo/Susan Walsh, File)
Photo by: Susan Walsh
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington, Feb. 12, 2020. President Joe Biden announced Monday, Nov. 22, 2021, that he's nominating Jerome Powell for a second term as Federal Reserve chair, endorsing Powell's stewardship of the economy through a brutal pandemic recession in which the Fed's ultra-low rate policies helped bolster confidence and revitalize the job market. (AP Photo/Susan Walsh, File)

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