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Chairman of the Federal Reserve Jerome Powell. Photo: Justin Sullivan/Getty Images

Fed Chair Jerome Powell on Monday doubled down on his comments from Sunday's episode of "60 Minutes," lamenting the unequal nature of the economic recovery the U.S. has enjoyed since 2009 in a speech to the National Community Reinvestment Coalition.

Between the lines: While Powell's appearance on the news magazine didn't break any new ground, his focus on matters beyond monetary policy and his efforts to communicate to people who don't closely watch financial markets is more akin to a politician than a Fed chair.

The big picture: It follows an interesting string of behavior from the chair who has put much more emphasis than any of his predecessors on boosting the Fed's reach and appeal.

  • Powell had 98 personal phone calls and meetings with Congress members last year — nearly 4 times as many as Yellen, over the same period during her first year. Powell also spent his birthday having dinner with Trump.
  • In November, Powell gave a speech at Mississippi Valley State University, a historically black university that sits outside a rural town of around 2,000 residents. He made many of the same points during that speech as he did to the NCRC on Monday.
  • Powell has scheduled press conferences after every one of the Fed's policy setting meetings, meaning he will speak to the public far more than any Fed chair in the past.

Go deeper

Scoop: Over 200 papers quietly sue Big Tech

Illustration: Allie Carl/Axios

Newspapers all over the country have been quietly filing lawsuits against Google and Facebook for the past year, alleging the two firms monopolized the digital ad market for revenue that would otherwise go to local news. 

Why it matters: What started as a small-town effort to take a stand against Big Tech has turned into a national movement, with over 200 newspapers involved across dozens of states.

Axios-Ipsos poll: Shrugging off Omicron

Expand chart
Data: Axios/Ipsos poll; Note: The last question only includes 589 employed respondents; Chart: Kavya Beheraj/Axios

Most Americans aren't willing to make big changes in their behavior to minimize the risk from the Omicron variant, like avoiding indoor restaurant dining or cancelling their holiday travel plans, according to a new Axios-Ipsos poll.

The big picture: The poll found support for some broader public responses, including one — travel bans aimed at people from other countries — that was widely supported by people across the political spectrum. But it found that Americans are only willing to do so much on their own.

Rohingya refugees sue Facebook over Myanmar hate speech

Internally displaced Rohingya peoples at a market area in the Baw Du Pha IDP Camp in Sittwe in Myanmar's western Rakhine state. Photo: STR/AFP via Getty Images

Rohingya refugees accused Facebook in a $150 million lawsuit filed Monday of amplifying hate speech against the persecuted minority Muslims in Myanmar via algorithms and failing to take down inflammatory posts.

Why it matters: Thousands of Rohingya Muslims have been killed in Myanmar in what the United Nations deemed a genocidal campaign. Tens of thousands of others have been displaced, notably following a massacre by Myanmar's military in 2017.