US: Federal Reserve Chairman Jerome Powell Speech

Thu Mar 01 09:00:00 CST 2018

Federal Reserve Chairman Jerome Powell to deliver the semiannual monetary policy testimony before the Senate Banking Committee in Washington.

If Tuesday's appearance on Capitol Hill underscored Jerome Powell's confidence in economic strength, today's appearance is stressing his confidence that strength isn't too hot. Testifying before the Senate Banking Committee, Powell assured lawmakers that the economy is not overheating and that "nothing suggests" wage inflation is approaching a flashpoint. The new Fed chief repeated the outlook for a gradual path of rising rates.