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Powell Semi-Annual Congressional Testimony Set For 2nd Week Of July

FED

Fed Chair Powell will deliver semi-annual monetary policy testimony to the Senate Banking committee on Tues July 9, Reuters reports. These testimonies usually run Tues-Weds or Weds-Thu so we would anticipate the House Financial Services committee testimony will be Weds July 10, though we await official confirmation.

  • Looking at the calendar, Powell will be testifying just after the next nonfarm payrolls report (Jul 5), but before the next CPI reading (Jul 11).
  • His next scheduled appearance is speaking on a panel at the ECB's annual Sintra symposium on July 2, with the congressional testimony to be followed by the Economic Club of Washington D.C. event on July 15.
  • The July FOMC decision on July 31.

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