Powell and Yellen in the limelight this week – TDS
Strategists at TD Securities highlighted this week’s appearances of FOMC’s J.Poweel and Chief J.Yellen.
“The Senate Banking Committee holds confirmation hearings for Jay Powell’s nomination to Fed chair on Tuesday”.
“This should only be market moving if Powell says something unexpected or some Republicans surprise by hinting at opposition. Yellen testifies before Congress on Wednesday, with Dudley speaking on Monday and Wednesday, and three more Fed speakers later in the week. All should stick to the gradualist script”.