The Federal Reserve must balance the risks of higher inflation with the risks of higher unemployment when making decisions on interest rates. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now.

During Wednesday's Senate Banking Committee hearing, Federal Reserve Chair Jerome Powell delivered his testimony.

Powell said when it comes to taking the interest on reserve power away, "there's an illusion that it would save money. That is not the case."