Watch Fed Chair Powell testify live before the Senate Banking Committee
Published On Feb 11, 2025, 9:45 AM
Federal Reserve Chair Jerome Powell is set to testify before the Senate Banking Committee on monetary policy, inflation, tariffs, and banking regulation. This hearing is part of his semiannual addresses concerning the economy. Powell is likely to be questioned extensively on the economic implications of Trump's tariffs and their potential effect on inflation as the Fed maintains its current stance regarding interest rates until mid-year while observing economic conditions.
Stock Forecasts
XLF
Positive
Anticipating Powell's remarks will likely influence market sentiment, particularly regarding inflation and interest rates, we can expect volatility in financial stocks. If Powell maintains a cautious stance on tariffs and inflation, it might lead to negative sentiment. However, if he projects strong confidence and a clear path for the economy, it may create a positive outlook, especially for sectors reliant on consumer spending.
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