A real quick preview of Federal Reserve Chair Powell before the Senate Banking and House Financial Services Committees:
- The Senate Banking Committee is on Tuesday (date17 July 2018 1400GMT)
- House Financial Services Committee is Wednesday (1400GMT again)
This via Deutsche Bank:
- Powell's testimony should largely reflect the minutes of the June 13 meeting as he will be testifying on behalf of the FOMC.
- The June minutes presented a generally upbeat economic outlook and broad-based support amongst participants for continuing along the path of "gradual" policy firming.
- However, policymakers did note rising risks to the economic outlook associated with trade policy
Just a real quick snippet that one. No TL;DR here!
You can't spell Powell without POW!
