‘Unstable Employment,’ ‘High Inflation’: Jim Jordan Blasts Fed Chair Powell In Hearing On COVID Recovery

Rep. Jim Jordan (R-OH) grilled Federal Reserve Chair Jerome Powell on Tuesday afternoon about high inflation and high unemployment in the United States.

Powell testified before the House of Representatives’ Subcommittee on the Coronavirus Crisis to discuss the United States’ economic recovery following COVID-19 and the lockdown-induced recession. In prepared remarks, he emphasized rising vaccination rates, improving GDP projections, and growing consumer expenditures.