FOMC Chairman Powell testifies before Senate Banking Committee – live stream

Federal Reserve Chairman Jerome Powell testifies before the Senate Banking, Housing, & Urban Affairs Committee on "The Semiannual Monetary Policy Report to Congress."

About Jerome Powell (via Federalreserve.gov)

"Jerome H. Powell first took office as Chair of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. He was reappointed to the office and sworn in for a second four-year term on May 23, 2022. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028."

United States Redbook Index (YoY) up to 12.8% in June 17 from previous 11.4%

United States Redbook Index (YoY) up to 12.8% in June 17 from previous 11.4%
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USD/TRY looks vigilant in the area of yearly highs

The Turkish lira extends the bearish note and motivates USD/TRY to trade with modest gains around 17.35 midweek. USD/TRY looks to Powell, risk trends
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