"Wall Street Anticipates Fed Chair Powell's Testimony on Interest Rates and Stock Futures"

Federal Reserve Chair Jerome Powell is testifying before the Senate Banking Committee for the second day, reiterating his expectation of interest rate cuts later this year but not specifying when. He emphasized that policy moves will depend on incoming data and faced questions on monetary policy calibration and proposed bank capital rules. This is Powell's last scheduled public appearance before the next Fed meeting on March 19-20.