Investors will focus on Fed Chair Kevin Walsh’s semiannual testimony to Congress on Tuesday and Wednesday for his latest views on inflation, interest rates and progress on his Fed reform agenda. Walsh may be questioned on broad reform plans; the Fed has named five working groups to review issues from communications to balance-sheet size. Market participants expect Tuesday’s inflation print and Walsh’s testimony to be the next directional catalysts, with liquidity and confidence subdued ahead of

Investors will focus on Fed Chair Kevin Walsh’s semiannual testimony to Congress on Tuesday and Wednesday for his latest views on inflation, interest rates and progress on his Fed reform agenda. Walsh may be questioned on broad reform plans; the Fed has named five working groups to review issues from communications to balance-sheet size. Market participants expect Tuesday’s inflation print and Walsh’s testimony to be the next directional catalysts, with liquidity and confidence subdued ahead of those releases.