Thursday, July 15, 2021, 15:30
Fed Chair Powell Testifies, USD
Federal Reserve Chair Jerome Powell testifies before Congress, providing a broad overview of the economy and monetary policy.
The testimony usually comes in 2 parts: first, he reads a prepared statement, then the committee will hold a question and answer session. Since the questions are unknown beforehand, they can make for some unscripted moments that lead to heavy market volatility.