Politico: Fed up: Inside the Senate’s banking brawl

Politico, March 10, 2022, Fed up: Inside the Senate’s banking brawl

The confirmation standoff is drawing out as the Fed prepares to begin raising interest rates next week to try to slow decades-high inflation. And the bank faces a delicate balancing act as its nominees are caught up in Senate drama: Move too slowly, and higher price pressures could become entrenched; raise rates too much or too quickly, and it could trigger a recession.