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Watch Live: Powell & Yellen Testify To Senate Banking Committee About State Of Economy

• Zero Hedge

Once again, Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen will deliver testimony to the Senate Banking Committee Tuesday  (followed one day later by testimony to the House Financial Services Committee) - testimony that's mandated as part of the CARES Act.

In his testimony to be delivered to members of the powerful Senate Committee starting at 1000ET, Powell acknowledged the economy has been strengthening, but also warned about the growing risks of inflation, which may remain higher for longer than anticipated as the delta variant continues to scramble American supply chains.