Federal Reserve System Chair Powell will give his semiannual monetary policy testimony to the House Financial Services COmmittee on March 8.

  • at 10 am Washinton time (US Eastern time)
  • 1500 GMT

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This is colloquilly known as the Humphrey-Hawkins testimony. It's a biannual report delivered by the Fed Chair to the Congress.

In it the Fed reports on its monetary policy and economic goals to the Congress.

Powell will:

  • provide an overview of current economic conditions, and give an update of the Fed's outlook for the economy, centring on an assessment of the inflation and employment outlook
  • will discuss the Fed's monetary policy position currently, including its changes in interest rates
  • take questions from the geniuses in members of Congress, which will cover a range of topics across areas such as how specific economic sectors are faring, regulatory policies, and global economic issues
Reuters poll for June on FOMC forecasts. The poll in May only had 8% expecting a cut this year.