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Quotations
"If this politicization continues unchecked, it will not end well for the Fed or for independently driven monetary policy," Mr. Toomey said.
Powell calls inflation a severe threat, disputes White House claims of easing supply-chain woes →
But Mr. Toomey said inflation is the "new enemy," and he warned that the Fed must pump the brakes on its monetary policy and stop tolerating high prices.
Inflation dominates Powell's confirmation hearing for a second term steering the Fed →
