Federal Reserve Chair Powell is speaking on Tuesday

July 8, 2024 5:06 am

Its beginning to feel like Asia FX is going to sit on hand awaiting Powell on Tuesday, and perhaps some feedback from him on the jobs report Friday, ICYMI:

On Tuesday, 9 July 2024, at 1400 GMT / 1000 user Powell delivers his semi-annual monetary policy testimony before the Senate Banking Committee, in Washington.

This is colloquially known as the Humphrey-Hawkins testimony. In it the Fed reports on its monetary policy and economic goals to the Congress.

Powell will:

  • provide an overview of current economic conditions, and give an update of the Fed’s outlook for the economy, centring on an assessment of the inflation and employment outlook
  • discuss the Fed’s monetary policy position currently, including in interest rates
  • take questions from the geniuses in members of Congress, which will cover a range of topics across areas such as how specific economic sectors are faring, regulatory policies, and global economic issues

Powell dodging hawkish questions like Neo in the Matrix

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