MONDAY OUTLOOK: YELLEN MONETARY POLICY TESTIMONY

This week, Janet Yellen will be giving her semi-annual monetary policy testimony to the House Financial Services Committee as well as the Senate Banking Committee in Washington.   We’ll also see several Federal Reserve Bank Presidents speak to monetary policy forum.

 

 

Economic Calendar

 

Monday:

 

Chicago Fed National Activity Index 8:30 AM ET

 

 

Tuesday:

 

Federal Reserve Chair Janet Yellen speech 10:00 AM ET

 

U.S. Consumer Confidence 10:00 AM ET

 

 

Wednesday:

 

Federal Reserve Chair Janet Yellen speech 10:00 AM ET

 

 

Thursday:

 

Atlanta Federal Reserve Bank President Dennis Lockhart speech 12:40 PM ET

 

U.S. Dairy Product Sales 4:00 PM ET

 

New York Federal Reserve Bank William Dudley speech 7:00 PM ET

 

 

Friday:

 

Cleveland Federal Reserve Bank President Loretta Mester speech 7:00 AM ET

 

Federal Reserve Vice Chair Stanley Fischer speech 7:00 AM ET

 

U.S. GDP 8:30 AM ET

 

U.S. Chicago PMI 9:45 AM ET

 

 

Links:

 

Dwolla helps U.S. Treasury go paperless (Dwolla)

 

Global debt has increased by $57 trillion since 2007 (The Economist)

 

Bank of Japan raises the country’s economic view (The Wall Street Journal)

 

Is Twitter bad for economic growth? (The Guardian)

 

A Chinese Central Bank official says the country will grow by 7% this year (Reuters)

 

Unraveling the story between the swiss franc and oil (Institutional Investor)

 

How negative interest rates are like a “holding charge” (Financial Times)

 

What has changed in the year after Michael Lewis’ Flash Boys? (Institutional Investor)

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