On Tuesday, July 9, Federal Reserve Chair Jerome Powell will be testifying on Capitol Hill. He'll first appear before the Senate Banking Committee and then, on Wednesday, the House Financial Services Committee as part of his semiannual policy report to Congress.
This committee is coming after committee member Elizabeth Warren sent a letter to Powell last week criticizing him for having private meetings with top bank executives and accusing Powell of giving them too much influence over Fed policy. An Iranian frigate was seen capsizing at port while next to merchant ships, another black mark for the country's record of naval mishaps
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