Watch Fed Chair Powell speak live before House Financial Services Committee-OxBig News Network

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Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy.

The central bank leader appears before the House Financial Services Committee to deliver prepared remarks then participate in a question-and-answer session with lawmakers.

During his testimony Tuesday before the Senate Banking Committee, Powell delivered remarks indicating that policymakers will take a patient approach to interest rate decisions this year. In addition, he fielded multiple questions and about bank regulations and dismissed the possibility of a Fed-sponsored central bank digital currency.

Read more:
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Fed Chair Powell says central bank doesn’t ‘need to be in a hurry’ to lower interest rates further

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