Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
Fed chairman Jerome Powell. Photo: Alex Wong/Getty Images
Federal Reserve chairman Jerome Powell will tell the Senate Banking Committee Tuesday that the global economy currently looks strong, but the volatile stock market and uncertainties surrounding Brexit and international trade are presenting "conflicting signals" about what's ahead, according to his prepared remarks.
Between the lines: Powell's Fed has backed off its more aggressive rate hike stance in recent months, instead emphasizing the central bank's "patience." Expect Powell to face questions from members of Congress about this reversal during today's hearing.
Go deeper: Jerome Powell's attempts to please everyone have backfired