Powell Appears Before Congress, Beige Book Released, Fed Nominations Still Frozen

US Federal Reserve Chairman Jay Powell testified by the House Financial Services Committee and the Senate Banking Committee this week. Powell performed to the market’s liking and provided great stability for the upcoming meeting, all but assuring a 25 bps hike will occur in the coming weeks. He mentioned a key consideration of the committee will be how and how much to shrink its burgeoning balance sheet by. Of course, Powell was asked about the escalating conflict in Ukraine. He said this wou...

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Ray: 762896-8f6187-eb4926-f506a5-43e21b

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