Economics

All Eyes on Powell Testimony as Jobs Gain: Global Economy Week

U.S. and China inflation data, ECB minutes due to be released
Bloomberg Economics’ guide to the world economy’s week ahead

Jerome Powell.
Photographer: Andrew Harrer/Bloomberg

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By Simon Kennedy

July 7, 2019 at 2:00 AM UTC

This article is for subscribers only.

Federal Reserve Chairman Jerome Powell returns the spotlight this week as he testifies before lawmakers in appearances set to grip financial markets.

In the wake of Friday’s news that U.S. hiring outpaced forecasts in June, Powell will offer the latest outlook for monetary policy just three weeks before he convenes policy makers to set interest rates. He speaks before congressional panels on Wednesday and Thursday.