The Major News :
DATE= 22 June
TIME = 11:30pm
PAIR = USD
TOPIC= Fed Chair Powell Testifies
NEWS= Fed Chair Feb 2018 – Feb 2022. Fed Governor May 2012 – Jan 2028. The testimony usually comes in 2 parts: first, he reads a prepared statement (a text version is made available on the Fed’s website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility;
IMPORTANT FOR TRADERS:
As head of the central bank, which controls short-term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy;
