The Week Ahead: Fiscal stimulus diplomacy
Jerome Powell needs to be an ambassador as much as he is a central banker when he appears on Capitol Hill in the week ahead.He is scheduled to testify before the Select Subcommittee on the Coronavirus Crisis on Wednesday. This will be the first time this group has heard from the Federal Reserve chairman. And his appearance comes a week after the central bank indicated it expects to keep its key interest rate at zero for at least two more years.Powell didn’t come right out and say that, though. Instead, the interest rate-setting committee said it would keep rates where they are until inflation ...