according to jeff cox:
* Fed Chair Jerome Powell heads to Capitol Hill on Wednesday with markets intent on getting more clarity about how the central bankf plans on proceeding with monetary policy this year.
* Central to the question of how the Fed acts from here on out is its view on inflation and how Powell expresses that.
* Powell’s testimony before Congress comes at a ticklish time for markets: After breaching historic highs, major stock averages have sold off this week.