Fed Chair Jerome Powell Heads to Capitol Hill for His Semi-Annual Testimony

The Federal Reserve paused its string of interest rate hikes this past week after 10 rate increases in as many beatings. But policymakers signaled two more rate hikes may be coming this year, and that rate cuts are still a long way off. This week, Fed Chair Jerome Powell heads to Capitol Hill for his semi-annual testimony to Congress on the Central Bank's monetary policy report.