Yellen To Discuss Rate Policy With Congress In Late February

Federal Reserve Chairwoman Janet Yellen will go before two Congressional committees in late February to discuss the outlook for monetary policy and the economy, according to reports. Yellen will go before the Senate Banking Committee on Feb. 24 and the House Financial Services panel on Feb. 25. Dana Saporta, a senior economist at Credit Suisse, said Yellen's testimony was the next key event for the market after today's jobs report. "She is likely to emphasize the strength in labor market and the importance of slack diminishing and that it's natural to expect inflation to move higher," she said.

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