Fed’s Powell, European inflation, China trade

 Fed’s Powell, European inflation, China trade

July 8 (Reuters) – Federal Reserve Chair Jerome Powell testifies to U.S. Congress, plus the latest data on consumer sentiment in Europe and trade in China – here’s a quick look through ahead to next week’s top economic events and themes to be covered by Reuters bureaus.

UNITED STATES

Powell, in a semi-annual ritual, heads to Capitol Hill on Wednesday and Thursday for grillings by the two key committees tasked with the U.S. central bank’s oversight.

His most recent appearance was a tame affair, but, with inflation now running hot and the patchy recovery in job market, he could find the atmosphere a bit less congenial this time.

With Powell’s current term due to expire in just over six months and no signal yet on whether President Joe Biden will reappoint him, the Q&A with the Senate Banking Committee, in particular, could reveal how he is regarded by a panel that must sign off on either his reappointment or his replacement.

And after the…

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