Jerome Powell, Chairman of the Federal Reserve System, will be testifying before House Financial Services Committee on Tuesday, June 30th, at 1630 GMT. Powell's testimony will be about the Federal Reserve's response to the coronavirus crisis.
Fed Chairman Powell CARES Act Testimony: Optimistic testimony to help revive the risk trade.
Hiring and spending gains happened more rapidly than Fed’s projections. Jerome Powell, Chairman of the Federal Reserve, and Treasury Secretary Steven Mnuchin will speak today at 16:30 GMT and FXStreet’s analyst Joseph Trevisani expects an upbeat speech to reanimate risk trade.
Fed's Powell: Outlook is “extraordinarily uncertain”.
Reuters has reported that Federal Reserve Chair Jerome Powell on Monday noted the outlook is "extraordinarily uncertain" and will depend both on containing the virus and on government's efforts to support the recovery.
About Jerome Powell (via Federalreserve.gov)
Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.
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