Fed Chair Powell, Treasury Secretary Yellen testify live stream – September 28
|Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen testify before the Senate Banking Committee. The topic of other appearance is the CARES act, enacted at the pandemic.
Powell faces questions about the Fed's recent signaling of tapering the Fed's bond-buying scheme amid rising inflation and a growing economy. The administration's proposed $3.5 trillion spending program could be the focus of questions directed to Yellen.
The US dollar is trading on high ground amid safe-haven flows. Power outages in China cause disruptions to manufacturing and threaten to derail global growth.
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