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Federal Reserve Chairman Jerome Powell delivers his second day of semiannual testimony before Congress, in an appearance before the House Financial Services Committee.
During his first day, before the Senate banking panel on Tuesday, the central bank chairman warned of "significant uncertainty" about the path of the recovery. He also explained the Fed's corporate bond buying program and reiterated that he doesn't see negative interest rates in the future.
Read more:
Powell says the Fed doesn't want to 'run through the bond market like an elephant'
The Fed's economic forecasts are all over the map, a sign of how uncertain these times are
Fed sees interest rates staying near zero through 2022, GDP bouncing to 5% next year
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Source: cnbc.com