Fed's Powell Expected to Lay Groundwork for Further Tightening

The video discusses the Federal Reserve's economic outlook, highlighting expected rate hikes and factors like consumer spending and global growth. It covers upcoming testimonies in Congress, potential risks such as rising oil prices and trade wars, and concerns about inflation and the yield curve.

What factors contribute to the positive outlook mentioned in the testimony?

How does rising oil prices impact the US economy according to the testimony?

What are the potential risks to the economy discussed in relation to the trade war?

What is the significance of the yield curve flattening mentioned in the testimony?

What questions might Jay Powell face during his testimony in Congress?