LIVE: Fed Chair Powell delivers monetary policy testimony to U.S. Senate
Reuters, 22 Jun 2022
Federal Reserve Chair Jerome Powell delivers semiannual monetary policy testimony before the Senate Banking Committee. Last week the Fed hiked the federal funds rate by three-quarters of a percentage point, its largest rate increase since 1994. Economists say it will lift rates by 75 basis points in July, and 50 bps in September.