Fed’s Powell testifies before Congress about U.S. economic outlook — live blog
Federal Reserve Chairman Jerome Powell will testify to House Financial Services about the U.S. economic outlook on Tuesday.
While the economy appears to be growing moderately and inflation is expected to rise to the Fed’s 2% target, there are risks to the outlook, particularly from the deadly coronavirus, Powell said in his prepared remarks, which were released early by the committee.Having cut rates three times last year, the Fed is content to hold rates steady. But the coronavirus could lower the bar for another cut later this year.Stocks DJIA, +0.
#div-gpt-ad-1569967089584-0 > div > iframe { width: 100% !important; min-width: 300px; max-width: 800px; } Related Topics
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
What to look for when Fed Chair Powell meets with Congress this weekFederal Reserve Chairman Jerome Powell heads to Capitol Hill on Tuesday at a touchy juncture.
Les mer »
Watch Fed Chair Jerome Powell speak to Congress live
Les mer »
Fed Chair Powell says U.S. economy 'resilient,' but warns on coronavirus, productivityFederal Reserve Chair Jerome Powell likely to give Congress largely positive economic update annsaphir
Les mer »
Stock market live updates: Dow turns negative, Trump blames Powell for fall, Boeing dropsLive updates of what's moving the market, including the latest on Under Armour, the coronavirus and the Fed.
Les mer »
What to watch today: Dow to rise, Powell testifies, coronavirus death toll passes 1,000U.S. stock futures are pointing to a higher open, following record closes for the S&P 500 and Nasdaq on Monday, as investors are encouraged by a slowdown in the number of new coronavirus cases.
Les mer »
Lyft and Under Armour earnings, New Hampshire primary, Powell testimony: 3 things to watch for on TuesdayWe'll get earnings from Lyft and Under Armour, the New Hampshire primary and Federal Reserve chair Jerome Powell will testify to Congress on Tuesday.
Les mer »