Federal Reserve Chairman Jerome Powell faces a difficult task as he heads to Capitol Hill this week to testify on monetary policy - satisfying Democrats worried he risks dragging down the economy with a determination to fight inflation, while Markets want the Fed to bring down inflation without going overboard.

Congress will put the Powell Federal Reserve to the test. Democratic legislators are concerned that the central bank’s goal to fight inflation risks putting a strain on the economy, especially on those of the lower end of the wealth scale.

Markets have been teeter-tottering in the days leading up to Powell’s testimony over whether he can find a balance between containing inflation and hurting the economy. The Federal Reserve has raised its benchmark interest rate eight times over the past year and currently stands at a target range of 4.5%-4.75%.

Robert Teeter, head of Investment Policy and Strategy at Silvercrest