Powell’s testimony

Beijing Promises Stimulus for Smaller Firms, and Investors Await Fed Chairman Powell’s Humphrey Hawkins Testimony

February 11, 2020

A pledge by China’s government to counteract any drag on growth from the coronavirus outbreak with fiscal support aimed at small and midsized companies boosted share prices in the Pacific Rim by 1.3% in Hong Kong and New Zealand, 1.0% in South Korea, 0.8% in Taiwan, 0.6% in India and 0.4% in Singapore and China. […] More

Powell Testimony

February 27, 2018

By law, the Federal Reserve Chair is required to testify before congressional committees (House Financial Services and Senate Banking) twice a year on the economy, monetary policy and anything else legislators might wish to ask. The so-called Humphrey-Hawkins testimony, named after the sponsors of the bill that made this requirement, is done in February and […] More