Former Trump trade advisor Peter Navarro recently blasted Jerome Powell as “the worst chair of the Federal Reserve in modern history.”
Economists and investors voiced concerns over increased inflation that they believe was partially fueled by stimulus payments.
While speaking at the International Monetary Fund and World Bank spring meeting on Thursday, Federal Reserve chair Jerome Powell said the surge in U.S. spending as the economy reopens paired with limited supply is forecast to drive prices higher this year.
Two top Biden administration officials told Congress they are optimistic about America’s financial recovery. One America’s Christina Howitson has more.