Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, will be testifying before the Joint Economic Committee of Congress on Wednesday at 16:00 GMT. According to the prepared remarks that were published earlier in the day, Powell will reiterate that the baseline outlook for the US economy remains favourable and say that the monetary policy is likely to remain appropriate as long as incoming data broadly remains consistent with the Fed’s economic outlook. Related News Dow Jones Index News: stocks opened in the red on trade concerns, Powell The US stocks benchmark opened the Wednesday’s trading on the back footing, retreating for the first time after three consecutive daily advances, including an all-time closing high. 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 USD/JPY technical analysis: Greenback trading at four-day low ahead of Fed’s Powell FX Street 3 years Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, will be testifying before the Joint Economic Committee of Congress on Wednesday at 16:00 GMT. According to the prepared remarks that were published earlier in the day, Powell will reiterate that the baseline outlook for the US economy remains favourable and say that the monetary policy is likely to remain appropriate as long as incoming data broadly remains consistent with the Fed's economic outlook. Related News Dow Jones Index News: stocks opened in the red on trade concerns, Powell The US stocks benchmark opened the Wednesday's trading… 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.
