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Tech CEO hearing looks to be postponed

A last-minute scheduling conflict with a planned memorial service for the late Rep. John Lewis has left the House Judiciary Committee likely to delay its long-planned hearing with the CEOs of Apple, Google, Facebook and Amazon, according to sources familiar with the deliberations.

Why it matters: The hearing will represent the first time CEOs of Silicon Valley's biggest firms have appeared together to answer lawmakers' criticisms and charges of monopolistic behavior.


What's next: The committee is tentatively looking to hold the hearing sometime in the week of Aug. 3, sources said.

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The harm the Fed wants to avoid by tapering too early

Fed chair Jerome Powell isn’t in a hurry to dial back loose monetary policy because he doesn't want to cause “lasting harm” to the economy.

Why it matters: With the economy progressing, everyone wants to know when the Fed will taper its monthly purchases of $120 billion worth of bonds, an emergency policy intended to keep interest rates low and financial markets liquid during the pandemic.

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