Lawmakers Question Powell on Inflation, Job Market

P.M. Edition for Jan. 11. Federal Reserve Chairman Jerome Powell faced questions from lawmakers about inflation and the job market at his Senate confirmation hearing on Tuesday. Powell defended the Fed’s decision to pull back on pandemic stimulus and explained why he is prepared to begin raising interest rates to cool the economy. WSJ chief economics correspondent Nick Timiraos joins host Annmarie Fertoli to discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices