European stocks are seen opening slightly lower on Thursday after Federal Reserve Chair Jerome Powell gave his most explicit acknowledgment to date that monetary policy is famously a blunt tool and there is a risk of recession.
Chicago Federal Reserve Bank President Charles Evans on Wednesday signaled he'd likely back another big interest rate hike in July to battle 40-year high inflation.
Powell's second day of Congressional testimony is likely to attract attention later today along with the Labor Department's report on weekly jobless claims.
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