A couple of ECB speakers are due before Powell takes up the mantle today

Here is the agenda:

1205 GMT - ECB member Benoit Coeure speaks in Frankfurt

Coeure will be delivering the opening remarks at the Foreign Exchange Contact Group meeting. He may very well touch on currencies and monetary policy but is not expected to refer to anything new in his comments.

1300 GMT - ECB vice president Luis de Guindos speaks in Luxembourg

de Guindos will be delivering the opening remarks at a conference on 'Investment, Technological Transformation and Skills'. Given the topic, it's unlikely he'll be mentioning much on monetary policy - if at all.

1520 GMT - ECB chief economist Peter Praet speaks in Luxembourg

Praet will be chairing a panel discussion at the same conference as de Guindos. The discussion will center around "Investment finance in Europe - a system fit for growth?". He could touch on the economy a little here but expect any comments here to follow the same theme from ECB speakers over the last few months and that is to brush aside the slowdown in the economy as temporary.