Fed Chair Powell reportedly sent senators details on USD 2.5bln Fed project following testimony, FT reports
Newsquawk Staff ·
Fed Chair Powell reportedly sent senators details on USD 2.5bln Fed project following testimony, FT reports.
What it means
Fed Chair Powell sending project details to senators indicates the Fed's continued transparency and engagement with lawmakers, likely aimed at building consensus or support for future initiatives. This could imply some movement in market expectations regarding monetary policy and impact the dollar's standing against major currencies, reflecting broader investor sentiment.
Sources
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- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources
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