# Jerome H Powell: Semiannual Monetary Policy Report to the Congress

> Fed Chair Jerome Powell told the House Financial Services Committee the economy was in its 11th year of expansion, the longest on record, with inflation running below the 2% objective. Job gains averaged 200,000 per month in the second half of 2019.

- Date: 2020-02-11 · published 2020-02-11T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/54507-jerome-h-powell-semiannual-monetary-policy-report-to-the-congress
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A resilient US economy with low inflation supports steady demand but gives no signal of imminent rate cuts that would weaken the dollar, so feed price impact is limited.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-11-21 | [Account of the monetary policy meeting](https://feedsoft.ai/events/56279-account-of-the-monetary-policy-meeting.md) | +0.3% | -1.1% |
| DXY | 2020-02-28 | [Richard H Clarida: US economic outlook and monetary policy](https://feedsoft.ai/events/54504-richard-h-clarida-us-economic-outlook-and-monetary-policy.md) | -0.5% | +4.3% |
| DXY | 2024-05-10 | [The Fed - Monetary Policy and Exchange Rates during the Global Tightening](https://feedsoft.ai/events/30140-the-fed-monetary-policy-and-exchange-rates-during-the-global-tightening.md) | -0.8% | +1.1% |
| DXY | 2019-09-22 | [Markets swing on trade and monetary policy](https://feedsoft.ai/events/57273-markets-swing-on-trade-and-monetary-policy.md) | +0.5% | -1.0% |
| DXY | 2023-12-10 | [Last US FOMC of the Year in Focus... Impact on Exchange Rates and Korean Monetary Policy - The Asia Business Daily](https://feedsoft.ai/events/32966-last-us-fomc-of-the-year-in-focus-impact-on-exchange-rates-and-korean-monetary.md) | -0.8% | -0.9% |

## Sources

- bis.org: https://www.bis.org/review/r200211g.htm

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.