Federal Reserve Chair Jerome Powell is set to testify before the Senate Banking Committee and the House Financial Services Committee on Tuesday and Wednesday, providing updates on the Semi-Annual Monetary Policy Report. Powell's testimony comes at a critical time as the U.S. economy shows signs of slowing, with key inflation data, including the Consumer Price Index (CPI) on Thursday and Producer Price Index (PPI) on Friday, expected later this week. Investors are particularly focused on whether Powell will signal a potential rate cut, given the cooling job market and persistently high prices. Treasury Secretary Janet Yellen is also scheduled to testify, and major banks such as JPMorgan, Citigroup, and Wells Fargo will kick off the earnings season. Powell's comments on the Federal Reserve's independence and its approach to future monetary policy will be closely watched, especially in light of recent economic indicators suggesting a potential shift in strategy. Notably, Senator Elizabeth Warren is expected to question Powell on bank regulations.