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FOMC Chairman Powell testimony before Joint Economic Committee - live stream

Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, will be testifying before the Joint Economic Committee of Congress on Wednesday at 16:00 GMT.

According to the prepared remarks that were published earlier in the day, Powell will reiterate that the baseline outlook for the US economy remains favourable and say that the monetary policy is likely to remain appropriate as long as incoming data broadly remains consistent with the Fed's economic outlook.

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Dow Jones Index News: stocks opened in the red on trade concerns, Powell

The US stocks benchmark opened the Wednesday’s trading on the back footing, retreating for the first time after three consecutive daily advances, including an all-time closing high.

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