Your Sunday Briefing: Powell and Jobs; Big Gatherings in Texas
Get set for a busy week
Jerome Powell, chairman of the Federal Reserve, during last year’s Senate Banking, Housing, and Urban Affairs Committee hearing.
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Hello. Two key events this week kick off a crucial period for markets, so get ready for them with the Sunday Briefing.
The big Fed speech: First up, Jerome Powell heads to Capitol Hill to present his semiannual Monetary Policy Report to lawmakers. He’s expected to echo his Federal Reserve colleagues in suggesting interest rates will go higher than anticipated if economic data continue to come in hot, a message that will likely prompt pushback from progressives and cheers from Republicans.