What did Jerome Powell indicate after being renominated by President Biden?
Reduction in QE and MBS purchases
Increase in interest rates
Expansion of monetary stimulus
Implementation of new financial regulations
Answer
Following his renomination by President Biden, Jerome Powell indicated a reduction in Quantitative easing (QE) and Mortgage-backed security (MBS) purchases due to high inflation. The Consumer Price Index (CPI) reading in November 2021 had reached 6.8%, the highest level in 40 years.
Jerome Powell Knowledge Showdown: 21 Questions to Prove Your Worth
Related Quizzes
Subscribe Now!
Learn something
new everyday
Playing quizzes is free! We send 1 quiz every week to your inbox