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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

4 mins ago - Politics & Policy

First kook: Harris wants more union membership in fed workforce

Vice President Kamala Harris speaks at a virtual town hall with Sen. Tammy Duckworth (D-IL) on Oct. 14. Photo: Anna Moneymaker/Getty Images

Vice President Kamala Harris and Labor Secretary Marty Walsh will today announce new guidelines to encourage federal workers to join unions, according to a White House official.

Why it matters: The Biden administration wants to bolster the collective bargaining power of workers across the country – and they are starting at home, with changes in the federal workforce.

6 mins ago - Health

The global coronavirus vaccine gap

Illustration: Shoshana Gordon/Axios

The world still needs more coronavirus vaccines, particularly low-income countries. Pressure is increasing on the Biden administration to close the gap — and the Biden administration, in turn, is pushing Moderna to fill it.

Why it matters: Getting global vaccination rates as high as possible isn't just a humanitarian effort; it also reduces the risk of vaccine-resistant variants emerging.

John Deere strikers want to reclaim labor’s lost bargaining power

Workers strike outside the John Deere Des Moines Works facility in Ankeny, Iowa on Friday. Photo: Rachel Mummey/Bloomberg via Getty Images

The strike at John Deere is the biggest of the pandemic era, with 10,000 workers on the picket line calling for better pay and benefits.

Why it matters: The walkout could deal a blow to an economy rattled by a supply chain crisis that executives don't want to see get worse — one of the economic tailwinds behind the strikers.

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