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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free Access09:30ET/14:30BST: Katherine Tai And Jerome Powell Testifying To Congress
09:30 ET 14:30 BST: Federal Reserve Chair Jerome Powell and US Trade Rep Katherine Tai are both scheduled to testify before Senate Committees today.
- Tai will appear before the Senate Appropriations Committee to examine the budget for the Office of the US Trade Representative."
- Tai may provide some clarity on President Biden's impending decision on China tariffs. Tai has warned at recent Congressional hearings that the relaxation of tariffs will not be a "panacea" for inflation and there has been some suggestion that Tai has been the most vocal voice within the Biden administration in support of tariffs.
- Reuters reporters yesterday that a decision on tariffs is unlikely to come before the G7 leaders' summit in Germany starting on Sunday.
- Powell will appear before the Senate Banking, Housing, and Urban Affairs Committee to examine the Semi-annual Monetary Policy Report to Congress.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.