From CNBC: 2025-02-12 10:04:29

Federal Reserve Chair Jerome Powell delivers remarks on monetary policy to the House Financial Services Committee. Powell emphasizes a patient approach to interest rate decisions for the year and dismisses the idea of a Fed-sponsored digital currency. Powell faced questions on bank regulations during his testimony before the Senate Banking Committee.

Stay updated with Powell’s updates on monetary policy by tuning in at 10 a.m. ET. Powell’s remarks from Tuesday’s testimony indicate a cautious stance on interest rate decisions this year. The central bank leader is expected to provide insights on bank regulations and address questions from lawmakers during the session.

Read more: Watch Fed Chair Powell speak live before House Financial Services Committee