BLOOMBERG Bloomberg Markets Americas July 7, 2024
and i will follow him turn. sen. shelby: thank you. chairman powell, earlier this month, secretary yellen acknowledged she was wrong about the risk of inflation. previously, you also acknowledged that the fed got it wrong in thinking that inflation would be transitory. yet myself and other members of this banking committee here have been warning about inflation for over a year. last july, nearly one year ago, when you came before this committee, i raised concerns about the risk of rising inflation, particularly following the enactment of a $2 trillion spending bill. at that time, the...