Jul 9, 02:09 PM

Fed Chair Jerome Powell Delivers Semiannual Testimony Before Congress on Monetary Policy

Federal Reserve Chair Jerome Powell is delivering his semiannual Monetary Policy Report to Congress this week. On Tuesday at 10 a.m. ET, Powell testified before the Senate Banking Committee, providing key insights into the Federal Reserve's economic outlook and policy direction. His testimony addressed various economic conditions, including inflation, interest rates, housing affordability, and jobs. On Wednesday, Powell continued his testimony before the House Financial Services Committee. Alongside Powell, Fed officials Michael Barr and Michelle Bowman also made public comments, shedding light on the Fed's perspective on future economic conditions.