Summary of the confirmation hearing for the nomination of the Federal Reserve Chairman Powell

1. Powell has repeatedly promised that if confirmed as the next Federal Reserve Chairman, he will act independently, refuting concerns from Democrats that he would become a "puppet" of the President. 2. He calls for a series of changes to the impact of the US central bank's decision-making, including a new framework for addressing inflation and new ways of communicating with the public. 3. Powell stated that Trump has never asked him to commit to any specific interest rate decisions. 4. Powell has promised to sell his financial assets in accordance with an agreement reached with the Office of Government Ethics.