WASHINGTON (AP) — Investors and other financial experts will be dissecting every word uttered Tuesday by Federal Reserve Chair Janet Yellen, who makes her first public remarks since taking over the Fed's leadership this month.
Yellen will deliver the Fed's twice-annual report to Congress, starting with the House Financial Services Committee and then again Thursday before the Senate Banking Committee.
Her testimony will likely boil down to a single overarching point: The Fed will keep all its options open depending on how the economy evolves.
Even so, anticipation is running high, given concerns about the economy and the job market, turmoil in global markets and uncertainty about her direction at the Fed.
Nervous investors want to know whether Yellen might deviate from Bernanke's message from last year that the economy's outlook is bright enough to withstand a slight pullback in stimulus but that rates should stay low.