Fed Chair Powell charged with convincing Congress this week that easy policy is still needed

(CNBC) It might not be such an easy task this time around. While Powell’s parleys with Congress have been notably genial affairs, there’s at least a chance this time around that the questioning could get a little pointed. Some in congressional leadership, particularly on the Republican side, have pushed the Fed to start easing its foot off the policy pedal, specifically pertaining to the at least $120 billion a month in bond purchases still in play.

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