Federal Reserve Position Jerome Powell is set to testify on Capitol Hill before the U.S. House Financial Services Committee on Wednesday.
The appearance secures after Powell appeared before the Senate Committee on Banking, Housing and Urban Affairs on Tuesday. There, Powell said U.S. solvent growth is still solid but acknowledged that the central bank now sees the economy as having the two-sided risk of mount unemployment at the same time as inflation is still above its 2% target.
“Reducing policy restraint too late or too not any could unduly weaken economic activity and employment,” Powell said Tuesday, referring to the risk that keeping capture rates high can damage the economy, too.
Investors will be listening to hear if Powell gives any hints about when the Fed effect begin to cut rates. The central bank has a meeting later this month, though traders see a cut in July as unlikely.
Member of parliaments could also ask about the Fed’s oversight of banks, including the potential risks of commercial real estate to regional lenders.