WATCH LIVE: Fed Chair Jerome Powell addresses Senate amid inflation and recession concerns
The Monetary Policy Report to Congress is a briefing by the chairperson of the Federal Reserve Board of Governors on recent economic and financial developments and monetary policy.Reports such as this are required by the Federal Reserve Act. It requires the Federal Reserve Board to submit written reports on"the conduct of monetary policy and economic developments and prospects for the future" to Congress, according to the Fed’s website.
Powell is expected to face questioning from senators on efforts to bring down inflation while not hurting the economy and the possibility of a recession.He will return to Capitol Hill on Wednesday to testify before the House Financial Services Committee.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senate will grill Jerome Powell over Fed efforts to tame inflationFederal Reserve Chair Jerome Powell’s first appearance before Congress in nine months coincides with recent signs that the economy remains resilient and inflation still stubbornly high.
Read more »
CNBC Daily Open: All eyes are on Jerome PowellU.S. Federal Reserve Chair Jerome Powell will testify before Congress as a week packed with economic data releases lies ahead.
Read more »
Jerome Powell Speech Preview: Fed Chair testifies in US CongressJerome Powell, Chairman of the Federal Reserve System, will testify on March 7 in the US Congress, in front of the Senate Committe on Banking, Housing
Read more »
Gold drifts lower ahead of testimony by Fed's PowellGold trades modestly lower as investors await remarks by Federal Reserve Chair Jerome Powell.
Read more »
Powell to face Senate grilling on Fed rates and inflationIf measures of the U.S. economy keep coming in hot, as they did in January, the Federal Reserve will likely have to raise interest rates even higher than it has already signaled — and keep them there longer — Chair Jerome Powell will likely warn in testimony to Congress on Tuesday
Read more »