US Federal Reserve chairman Jerome Powell (left) and Treasury Secretary Janet Yellen listen during a House Financial Committee hearing in Washington on December 1. Stocks slid, short-term interest rates rose and measures of equity volatility surged after Powell warned Congress that rising inflation could justify ending asset purchases sooner than planned. Photo: Bloomberg
US Federal Reserve chairman Jerome Powell (left) and Treasury Secretary Janet Yellen listen during a House Financial Committee hearing in Washington on December 1. Stocks slid, short-term interest rates rose and measures of equity volatility surged after Powell warned Congress that rising inflation could justify ending asset purchases sooner than planned. Photo: Bloomberg