It will also be a busy day on Capitol Hill. The Senate banking committee will hold votes on the nominations of Federal Reserve officials, including current chairman Jerome Powell, and hear testimony from Treasury undersecretary for domestic finance Nellie Liang on a President's Working Group report on stablecoins.
The Senate will also hold hearings on enhancing U.S. trade and promoting American exports to create jobs and examining ways to address barriers to employment and young people's access to mental health services. Meanwhile, the House will hold hearings examining the economic impact of federal infrastructure investment, the Infrastructure Investment and Jobs Act’s benefits for small business owners and strategies for power grid resilience and reliability.