Watch Fed Chair Powell testify live before the Senate Banking Committee

Watch Fed Chair Powell testify live before the Senate Banking Committee


[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]

Federal Reserve Chair Jerome Powell delivers his semiannual remarks on monetary policy and the economy this week on Capitol Hill.

First up will be an appearance Tuesday before the Senate Banking Committee, during which he is expected to be peppered with questions about his position on tariffs from the Trump administration, inflation and the state of the labor market.

In addition, legislators also likely will seek Powell’s views on banking regulation as Vice Chair for Supervision Michael Barr exits his position and as the Fed retools a controversial set of banking regulations proposals.

So far, Powell and his colleagues have avoided saying much about the Trump tariffs, though some officials have expressed worry of their inflation impact should they trigger a broader trade war. On monetary policy, the Fed is expected to be on hold until at least June or July while it evaluates the various dynamics playing out.

Powell speaks Wednesday to the House Financial Services Committee.

Read more:
Fed officials are raising concerns about the impact Trump’s tariffs could have on inflation
The Fed could find itself in a policy Catch-22 if tariffs spike inflation and slow growth
In a switch, Trump approves of the Fed’s decision to hold interest rates steady



Source

Morgan Stanley slated to release third-quarter earnings
Finance

Morgan Stanley slated to release third-quarter earnings

Key Points Wall Street-centric banks like Morgan Stanley and peer Goldman Sachs are in an ideal environment. Wall Street trading desks have seen booming activity in the quarter, while investment banking continues to see a resurgence in activity for mergers and IPOs. Shares of Morgan Stanley have climbed almost 24% this year. Source

Read More
Stocks making the biggest moves midday: Albertsons, Nova Minerals, Wells Fargo, Polaris & more
Finance

Stocks making the biggest moves midday: Albertsons, Nova Minerals, Wells Fargo, Polaris & more

Check out the companies making the biggest moves midday: Nova Minerals — The miner soared 83%, on pace for its best day ever, after it said the Australian ambassador to the U.S. approached the company regarding its Estelle Gold and Critical Minerals Project in Alaska. “This briefing is in preparation for the upcoming meeting between […]

Read More
Watch Fed Chair Powell speak live on policy at the NABE conference in Philadelphia
Finance

Watch Fed Chair Powell speak live on policy at the NABE conference in Philadelphia

[The stream is slated to start at 12:20 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.] Federal Reserve Chair Jerome Powell delivers the keynote speech Tuesday at the National Association for Business Economics conference in Philadelphia. Markets are looking […]

Read More