Dr. Phelan Faces Tough Questions on Inflation, Wages and Housing in Senate Hearing
Dr. Phelan, President Trump's nominee for chair of the Council of Economic Advisors, told the Senate Banking Committee that year‑over‑year headline inflation stood at 4.2% and that "real wages are higher now," sparking repeated exchanges with ranking member Senator Warren over whether families' pay is keeping up with rising prices and how the CEA would advise on a bipartisan housing bill.
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Dr. Phelan, President Trump’s nominee to chair the Council of Economic Advisors (CEA), appeared before the Senate committee and described the council’s role as providing "sober facts and analysis," not political messaging. He said, if confirmed, his focus would include financial stability and generational economic issues.
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