Powell speaks Tuesday to the Senate Banking Committee as part of his semiannual address to Congress on monetary policy.
speaks Tuesday to the Senate Banking Committee as part of his semiannual address to Congress on monetary policy.
With the Fed still on hold regarding interest rates, Powell's remarks will be scrutinized closely for hints about what it will take to start easing. At the Fed's June meeting, policymakers expressed misgivings about the progress on inflation, saying they still need to see more evidence that it's heading back to the 2% target.
Powell will continue his testimony Wednesday before the House Financial Services Committee. The appearance is mandated by the Humphrey-Hawkins Act of 1978.
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