02:36 PM EDT, 06/17/2024 (MT Newswires) -- Federal Reserve Chairman Jerome Powell is expected to appear before the Senate Banking Committee on July 9 as part of his semiannual monetary policy testimony, Reuters reported Monday, quoting Committee Chair Senator Sherrod Brown's, D-Ohio, office.

Powell will likely testify before the House Financial Services Committee that week as well, though no date has been set. Powell's testimony usually reiterates his statements made at the most recent Federal Open Market Committee meeting, in this case the one held on June 11-12, but his answers to questions from lawmakers sometimes reveals new insight that markets are keyed into.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)