© Reuters. FILE PHOTO: Federal Reserve Board Chair Jerome Powell takes questions from the news media while holding a news conference after the Fed raised interest rates by a quarter of a percentage point following a two-day meeting of the Federal Open Market Committ
WASHINGTON (Reuters) – U.S. lawmaker Kevin Hern said on Wednesday that Federal Reserve Chair Jerome Powell told a meeting of the Republican Study Committee that insurance limits on banking deposits would be a great topic for Congress to weigh.
Hern said Powell told Republicans that he believed supply chain inflation had mostly been mitigated.
