Watch Fed Chair Powell speak live before House Financial Services Committee
Published On Feb 12, 2025, 10:02 AM
Federal Reserve Chair Jerome Powell is testifying before the House Financial Services Committee, where he is expected to speak about the central bank's monetary policy and economic outlook. In previous remarks to the Senate, he emphasized a cautious stance on adjusting interest rates this year and addressed questions regarding bank regulations and the absence of a plan for a central bank digital currency.
Stock Forecasts
SPY
Positive
Investors should closely watch Powell's comments for indications of future monetary policy especially regarding interest rates. A dovish tone could suggest a prolonged low-interest rate environment which typically supports equity markets. Conversely, any hints at tightening may lead to market corrections.
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