09:30ET/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."
  • Livestream: https://www.appropriations.senate.gov/hearings/a-r...
• 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.
  • Livestream: https://www.banking.senate.gov/hearings/the-semian...