Fed vice chair Michael Barr to testify Capitol Hill ...Middle East

Fed vice chair Michael Barr is to testify Capitol Hill shortly. He is in charge of supervision on the Federal Reserve Board and as such is testimony is likely to be not on monetary policy or the economy per se more on regulation and supervision.Meanwhile stocks are moving lower with the NASDAQ index down -0.70% and the S&P down -0.43%.10 year note is up 3.7 basis points or 4.415%. This article was written by Greg Michalowski at www.forexlive.com.

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