The Powell hearing will be held at the time of the release of non-farm payrolls and CPI.

On June 18th, Jin10 News reported that Mike Crapo, chairman of the Senate Banking Committee, said that Federal Reserve Chairman Jerome Powell is scheduled to testify before the Senate Banking Committee on monetary policy every six months on July 9th. If the schedule follows the usual pattern, Powell will make the same testimony to the House Financial Services Committee on the following day. These two hearings usually last for several hours, and members of both parties will question Powell on a range of issues from interest rate policy to the banking system. It is worth noting that the release dates of June’s non-farm payrolls and CPI data in the United States are close to this hearing, with the former to be released on July 5th and the latter on July 11th.