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

Go deeper

Updated 42 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Chris Christie: Wear a mask "or you may regret it — as I did" — Senate Democrats block vote on McConnell's targeted relief bill.
  2. Business: New state unemployment filings fall.
  3. Economy: Why the stimulus delay isn't a crisis (yet).
  4. Health: Many U.S. deaths were avoidable — The pandemic is getting worse again.
  5. Education: Boston and Chicago send students back home for online learning.
  6. World: Spain and France exceed 1 million cases.
2 hours ago - Technology

Facebook Oversight Board begins hearing appeals

Illustration: Aïda Amer/Axios

The Facebook Oversight Board announced Thursday that some Facebook and Instagram users can now submit appeals to the Oversight Board for an independent review of their own content removals.

Why it matters: The board, a first-of-its-kind internet governance body, will begin hearing cases from users ahead of the U.S. election.

Ben Geman, author of Generate
4 hours ago - Energy & Environment

U.S. cities' lagging climate progress

Expand chart
Reproduced from a Brookings Institution report; Chart: Axios Visuals

A just-published Brookings Institution analysis of U.S. cities' pledges to cut carbon emissions reveals very mixed results.

Why it matters: The potential — and limits — of city and state initiatives have gotten more attention amid President Trump's scuttling of Obama-era national policies.

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