Fed Chair Powell’s testimony to freshen up take on monetary policy – Scotia bank

Analysts at Scotia bank offer key insights on what to look forward from the Fed Chair Powell’s testimony scheduled later today at

Powell is due to testify on the Semiannual Monetary Policy Report before the Senate Banking Committee, in Washington DC.

Key Quotes:

“Powell testifies before Congress on the just-released Monetary Policy Report before the Senate Banking Committee on Tuesday.

Followed by a near-repeat performance before the House Financial Services Committee on Wednesday.

Powell speaks again on Thursday about 'recent economic developments and longer-term challenges.'

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.”