Fed Chair Powell Reports To Congress.

6 minutes

Yesterday, Chairman of the Federal Reserve Board, Jerome Powell began the first of his two part testimony before Congress. Yesterday, before the House Committee on Financial Services, today before the Senate Banking Committee.

The Fed Chairman provides this testimony twice a year, and it is perhaps the most important and detailed presentation by the Federal Reserve of their current monetary policy.

This is all part of a process by the Congress to fulfill their oversight obligation of the Federal Reserve. But it is also an opportunity for the Fed Chairman to outline what he sees in the economy, and how the Fed is seeking to meet its twin goals of full employment and stable prices.

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