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Author: Don Obrien

How the financial markets may react to Powell’s big speech Friday


Federal Reserve Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, July 15, 2021.

Kevin Lamarque | Reuters

Federal Reserve Chairman Jerome Powell is expected to say Friday morning that the central bank is closer to announcing it could step away from its super easy policy, but markets could be rocked if he says much more, or even less, for that matter.



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