Why Fed Chair Powell's congressional testimony is so crucial for markets

7:43 AM ET Wed, 10 July 2019

Fed Chair Jay Powell will be on Capitol Hill later on Wednesday to testify before the House Financial Services Committee. He's expected to make the case that the Fed is ready to cut interest rates as needed, but he's unlikely to reveal how soon or how far the cuts good go. Kristen Bitterly, head of capital markets for the Americas at Citi Private Bank, and Jason Trennert, chairman of Strategas Research Partners, join "Squawk Box" to discuss what they expect from the hearing.