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Federal Reserve -chairman Jerome Powell gives his half -yearly comments about monetary policy and the economy this week on Capitol Hill.
First on Tuesday will be an appearance for the Senate banking committee, in which he is expected to be peppered with questions about his position on rates of the Trump government, inflation and the state of the labor market.
Moreover, legislators will probably also look for Powell’s opinion on bank regulations, since vice chairman for supervision Michael Barr leaves his position and if the FED reduces a controversial set of bank regulation proposals.
Until now, Powell and his colleagues have avoided much to say about the Trump rates, although some officials have expressed worries about the inflation of rates if they cause a broader trade war. With regard to monetary policy, the FED is expected to be on hold until at least June or July, while evaluating the different dynamics that takes place.
Powell will speak for the House Financial Services Committee on Wednesday.
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