Powell faces pressures from left and right if confirmed for a 2nd term

Jerome Powell
(Image credit: Graeme Jennings-Pool/Getty Images)

Federal Reserve Chair Jerome Powell, who faced a tense Senate confirmation hearing Tuesday, is in for a "difficult political balancing act" in his second four-year term, Axios reports.

According to Axios, Powell is likely to be confirmed, but that hasn't stopped senators from grilling him. Sen. Sherrod Brown (D-Ohio), who chairs the Senate Banking Committee, exhorted Powell against "cooling off" the economy and thereby "making it harder for people to find jobs and stopping paychecks from growing," CNN Business reported.

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Grayson Quay

Grayson Quay was the weekend editor at TheWeek.com. His writing has also been published in National Review, the Pittsburgh Post-GazetteModern AgeThe American ConservativeThe Spectator World, and other outlets. Grayson earned his M.A. from Georgetown University in 2019.