Powell's Capitol Hill Testimony

This is a Kedia news story, published by CNBC, that relates primarily to Jerome Powell's news.

Kedia news

For more Kedia news, you can click here:

more Kedia news

Jerome Powell's news

For more Jerome Powell's news, you can click here:

more Jerome Powell's news

News about interest rates

For more interest rates news, you can click here:

more interest rates news

CNBC news

For more news from CNBC, you can click here:

more news from CNBC

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about interest rates, you might also like this article about

Federal Reserve Chair Jerome Powell

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest monetary policy report news, key Fed officials news, news about interest rates, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Senate Banking Committee

CNBC

•

Business

Business & Economics

Fed Chair Powell speaks on Capitol Hill this week with politics front and center

Summary

Nutrition label

80% Informative

Jerome Powell's semiannual testimony to Congress kicks off Tuesday morning as he presents the Fed 's monetary policy report to the House Financial Services Committee .

He then heads to the Senate Banking Committee on Wednesday .

Two key Fed officials have spoken out in recent days to say they likely will favor a cut in July .

Kedia believes the Fed could start cutting rates, though market pricing favors September rather than July for the first move.

FOMC members were split at last week's meeting over the path and extent of cuts.

Kedia said if Powell and the rest of the Fed consider following a course that Trump is trying to push, it risks losing the economy as well as its reputation.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful