US Fed Chairman Powell Testifies
As head of the central bank, which controls short term interest rates, he has the most influence over monetary policy. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future policy;
Fed Chairman Feb 2018 - May 2026. Fed Governor May 2012 - Jan 2028. The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility;
- History
| Expected Impact / Date | Description |
|---|---|
| Jun 25, 2025 | Due to testify on the Semiannual Monetary Policy Report before the Senate Committee on Banking, Housing, and Urban Affairs, in Washington DC; |
| Jun 24, 2025 | Due to testify on the Semiannual Monetary Policy Report before the House Financial Services Committee, in Washington DC; |
| Feb 12, 2025 | Due to testify about the Semi-Annual Monetary Policy Report before the House Financial Services Committee, in Washington DC; |
| Feb 11, 2025 | Due to testify about Semi-Annual Monetary Policy Report before the Senate Banking Committee, in Washington DC; |
| Jul 10, 2024 | Due to testify about the Semi-Annual Monetary Policy Report before the House Financial Services Committee, in Washington DC; |
| Jul 9, 2024 | Due to testify about Semi-Annual Monetary Policy Report before the Senate Banking Committee, in Washington DC; |
| Mar 7, 2024 | Due to testify about Semi-Annual Monetary Policy Report before the Senate Banking Committee, in Washington DC; |
| Mar 6, 2024 | Due to testify about the Semi-Annual Monetary Policy Report before the House Financial Services Committee, in Washington DC; |
- Details
Specs
Source:
Speaker:
Federal Reserve Chairman Jerome Powell;
Usual Effect:
More dovish than expected is good for energy prices;
Acro Expand:
Federal Reserve (Fed);
Event Type:
Speeches