Hearing schedule (Vietnam time):
- House of Representatives: 21:00 on 24/6
- Senate: 21:00 on 25/6
This is a semi-annual hearing on monetary policy, held at the U.S. Congress to discuss macroeconomic issues and the direction of the FED in the upcoming period.
Key points of interest:
- Will Powell signal an interest rate cut this year?
- The FED's views on the labor market
- Powell's response to criticism from Trump and the defense of the FED's independence
Will this statement create waves in the financial market? Or is it just a safe reiteration?
Will Powell maintain his stance or be forced to "yield" to political pressure?