News: Fed Chair Powell to give speech on Monday, testify Tuesday and Wednesday.
(Reuters) – Federal Reserve Chairman Jerome Powell will speak about innovations in the digital age at a Bank for International Settlements conference on Monday, the Federal Reserve announced on Thursday.
On Tuesday, Powell will testify before the House of Representatives Financial Services Committee, and on Wednesday he will testify before the Senate Banking Committee on the Coronavirus Aid, Aid and Economic Security Act, the Fed said. The appearances come after the Fed signaled on Wednesday that it would keep rates near zero through 2023, despite policymakers upping their forecasts for economic growth and inflation.
Adaptation by Leslie Adler
Original Source © Reuters