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Powell speaks; UK pound under pressure; Markets wait

WorldNews Wednesday, 10 July 2019 ()
Powell speaks; UK pound under pressure; Markets waitLondon (CNN Business)1. Powell speaks: All eyes are on Jerome Powell as the Federal Reserve chair begins two days of testimony before Congress. Investors will scrutinize his remarks for evidence that the Fed will cut rates when it meets later this month, and if so, by how much. A strong jobs report for June has weakened the case for a big move. Lawmakers may also press Powell on the Fed's independence in light of repeated criticism from...
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News video: 3 Things Fed's Powell Told Congress -- What Markets Think of it

3 Things Fed's Powell Told Congress -- What Markets Think of it 01:28

Federal Reserve chairman Jerome Powell's comments to the House Financial Services Committee were level-headed and rather implicit as usual, yet all indications were that there will be an interest rate cut soon. Here are three key comments he made indicating as much. Macro Factors a Risk The G-20...

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