Chair Powell’s Second Term; China’s Covid Surge

Investors are considering what Fed Chair Powell’s second term means for their portfolios, particularly after the Labor Department revealed that inflation grew at its fastest 12-month pace in nearly 40 years during December. CNBC’s Ylan Mui reports on the growing calls for new stock trading rules for Capitol Hill lawmakers and for Fed officials. Also in DC, Representative Pramila Jayapal (D-WA) discusses common ground between Democrats and Republicans, and whether Congress can build back the Biden administration’s Build Back Better plan. CNBC’s Eunice Yoon reports on China’s efforts to combat Covid-19 outbreaks before the Lunar New Year celebration and the Olympics. Potentially adding more strain to the battered supply chain. Plus, the government will be helping schools across the country ramp up testing. In this episode: Rep. Pramila Jayapal, @RepJayapal Ylan Mui, @ylanmui Eunice Yoon, @onlyyoontv Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie