Watch Fed Chairman Jerome Powell testify before the Senate live

Finance

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Federal Reserve Chairman Jerome Powell returns to Capitol Hill on Wednesday for a second day of testimony.

The central bank leader will address the Senate Banking Committee a day after speaking to the House Committee on Financial Services. 

In his Tuesday appearance, Powell pronounced the U.S. economy healthy and said the current stance of policy and interest rates is conducive to supporting growth. However, he said the Fed is continuing to monitor the coronavirus for its impact on China and the global economy.

During mostly amicable questioning from House members, Powell addressed a range of topics, from the Community Reinvestment Act to his views on financial markets and income inequality.

Read more:
Federal Reserve’s Patrick Harker says interest rates should ‘hold steady for a while’
What to look for from Fed Chair Powell’s testimony
End of financial ‘Ice Age’ will take US interest rates below zero, strategist predicts

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