14 Jul 2014
Yellen’s semi-annual monetary policy testimony the main event of the week - Deutsche Bank
FXStreet (Łódź) - Deutsche Bank's Jim Reid suggests that the focus of market attention this week will be Fed chief Janet Yellen's semi-annual monetary policy testimony before the Senate Banking Committee, which starts on Tuesday and will continue on Wednesday.
Key quotes
"She will be testifying on behalf of her committee and as its clear that she's more dovish than most of her colleagues there's always a chance she will be more hawkish in her testimony than she is when purveying her own views."
"However in her chair role so far she has tended be dovish even when fears mount that she might be on the turn or might be representing her committee's views."
"Yellen’s semi annual congressional testimony continues on Wednesday at the House Financial Services Committee, but the comments should be largely the same as her Senate comments on Tuesday."
Key quotes
"She will be testifying on behalf of her committee and as its clear that she's more dovish than most of her colleagues there's always a chance she will be more hawkish in her testimony than she is when purveying her own views."
"However in her chair role so far she has tended be dovish even when fears mount that she might be on the turn or might be representing her committee's views."
"Yellen’s semi annual congressional testimony continues on Wednesday at the House Financial Services Committee, but the comments should be largely the same as her Senate comments on Tuesday."