His answers in hearings tomorrow and Wednesday may indicate what he’s thinking around interest rate reductions and loosening bank regulations.

The dismissal of the lawsuit alleging JPMorgan Chase misused departing employees’ “forfeited” funds aligns with other federal judges’ rejections of the misuse claim under ERISA.

Analysts worry that if the Fed cut rates to reduce government debt payments and then inflation reignited, bringing prices back under control again “might require a painful recession—which would lower nominal incomes and tax revenue, further aggravating the fiscal situation.”