Fed Chair Powell to give Congress monetary policy update in early March

By Thomson Reuters Feb 15, 2024 | 12:32 PM

(Reuters) – Federal Reserve Chair Jerome Powell will give the Senate banking committee its biannual monetary policy update on March 7, a spokeswoman for the committee said.

The House Financial Services Committee is expected to host Powell at a hearing at least a day earlier, based on past practice. The financial services committee spokesmen did not respond to a Reuters inquiry on the date of that appearance, which was reported by Punchbowl to be on March 6.

Investors will pay keen attention to Powell’s congressional testimony, likely his last public steer before the Fed’s mid-March meeting at which policymakers will assess progress on their fight against inflation and potentially signal when they may start cutting interest rates.

(Reporting by Ann Saphir)