Jerome H. Powell, Chairman, Board of Governors of the Federal Reserve System will be delivering “The Semiannual Monetary Policy Report to Congress” to the Senate Banking Committee.
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Fed: Powell to shed light on banks’s recent change in approach – ING.
Chris Turner, global head of strategy and head of EMEA and LATAM research at ING, suggests that in today’s Congressional testimony on monetary policy of Fed Chair Jay Powell, his remarks are expected to shed further light on why the Fed shifted to a data-dependent approach in January and cement views of a Fed pause.
Fed Chair Powell’s testimony to freshen up take on monetary policy – Scotiabank.
It’s difficult to envision what more could be said over and above recent communications such as publication of the FOMC minutes, but the latter appearance could freshen up his take on things compared to the arguably semi-stale minutes.
About Jerome Powell (via Federalreserve.gov)
Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System’s principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.
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