Fed’s Chairman Jerome Powell is scheduled to testify before the Senate Banking Committee today at 14:00GMT. Powell’s opening statement will be followed by a Q&A session. The Fed has already published the semiannual Monetary Policy Report, which showed that the Committee reaffirmed that the economy was in a good place from a cyclical standpoint and it remained on track to reach their maximum employment and stable prices target. However, in an interview with Marketplace’s Kai Ryssdal on Friday, Powell voiced his concerns over the Trump administration’s trade policy and markets will be paying close attention to his comments on that matter. Stay tuned for the live video… Related articles US: Focus on Powell’s testimony and industrial production – TDS. We look for Powell to reiterate the case for gradual rate hikes and will focus on any comments on trade risks, the yield curve or operational procedures (IOER or the balance sheet). EUR/USD Technical Analysis: Back to 1.1700 figure ahead of Fed’s Powell speech. EUR/USD is currently trying to find some support near 1.1700 after bulls challenged the 1.1740 level without being able to pierce through it. 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. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD tumbles to lows, around mid-1.3100s on Brexit concerns FX Street 5 years Fed's Chairman Jerome Powell is scheduled to testify before the Senate Banking Committee today at 14:00GMT. Powell's opening statement will be followed by a Q&A session. The Fed has already published the semiannual Monetary Policy Report, which showed that the Committee reaffirmed that the economy was in a good place from a cyclical standpoint and it remained on track to reach their maximum employment and stable prices target. However, in an interview with Marketplace's Kai Ryssdal on Friday, Powell voiced his concerns over the Trump administration's trade policy and markets will be paying close attention to his comments on that… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
