[New post] Interbank Market News Scan: federal Reserve Board chairman appears before the U.S. Senate banking committee …
Alton Drew posted: " 15 July 2021 Federal Reserve Board chairman continues testimony before Congress. Federal Reserve Board chairman Jerome Powell is expected today to share with the U.S. Senate Committee on Banking, Housing and Urban Affairs the same testimony shared "
Mr Powell, while acknowledging growth in the economy and the threat of increasing prices, did not indicate any changes in the Federal Reserve's current asset purchase program. The Federal Reserve will maintain its purchase of Treasury securities and agency asset-backed mortgages totaling $120 billion a month.
For a consultation on any regulatory or legislative discussions or announcements during today's hearing, please reach out to us at altondrew@altondrew.com to reserve an appointment.
Exchange rates of interest as of 10:30 am AST
Currency pair
Exchange rate
AUD/USD*
0.7448
EUR/USD*
1.1812
GBP/USD*
1.3854
USD/CAD*
1.2520
USD/CHF*
0.9143
USD/JPY*
109.9600
USD/XCD+
2.7000
USD/NGN+
410.5130
USD/MXN*
19.9260
Sources: *Reuters +OANDA
Rates reported by the Federal Reserve (Release Date 14 July 2021)
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