<p>&#34;New York Fed News&#34; Nick Timiraos: Powell's July 10th hearing did not cause market fluctuations, a member of the U.S. House of Representatives called it &#34;boring&#34; (at the hearing site).
However, Powell's testimony at the hearing on Capitol Hill this week will lay the foundation for the future interest rate cut prospects of the FOMC</p>

<p>Powell's testimony at the Congressional hearing on Capitol Hill will set the stage for the future interest rate cut prospects of the FOMC</p>