Note for the diary - Fed Chair Powell will testify in Congress on March 8

<p>Federal Reserve System Chair Powell will give his semiannual monetary policy testimony to the House Financial Services COmmittee on March 8.</p><ul><li>at 10 am Washinton time (US Eastern time) </li><li>1500 GMT</li></ul><p>---</p><p>This is colloquilly known as the Humphrey-Hawkins testimony. It's a biannual report delivered by the Fed Chair to the Congress. </p><p>In it the Fed reports on its monetary policy and economic goals to the Congress.Powell will:</p><ul><li>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</li><li>will discuss the Fed's monetary policy position currently, including its changes in interest rates</li><li>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</li></ul> This article was written by Eamonn Sheridan at www.forexlive.com.

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