Saturday, January 28, 2017

Yellen To Testify Before Congress: Watch the Trump Team Reaction

Federal Reserve Chair Janet Yellen will deliver her semiannual monetary policy report to the Senate Banking Committee on Feb. 14, a panel spokeswoman has confirmed, according to the Wall Street Journal.

Yellen will also testify before the House Financial Services Committee on Feb. 15, a spokesman for that committee said.

The reaction of Trump economic advisers to Yellen's testimony, at what is known as the Humphrey-Hawkins hearings, will be required observation for monetary policy analysts. There have been some early indications that Trump's people want to pressure her to keep interest rates low.


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