Feb. 1 - Reuters Correspondent Pedro Da Costa says expect Fed Chair Ben Bernanke to face tough questions when he testifies before a House panel on the economy.
Parents -- -- US day ahead lawmakers will hobbled fed chair Ben Bernanke. With questions when he testifies before house and on the state of the economy at 10 AMP. Interest rates the Fed -- recently. Are likely to remain very low for the next three years -- been tepid recovery. Bernanke has come under attack for the central bank's loose monetary policy. Reuters correspondent -- at a -- that says expect that. Continue Republicans are worried about the inflationary potential of the Fed's policies it'll likely press Bernanke on that point. While Democrats may focus on the Fed's new inflation target which some argue could -- their focus away from employment creation. For investors the key will be any hints that Fed Chairman gives as to the potential for further monetary easing. We will also hear from a prominent -- on the bed Richard Fisher. The Dallas fed president is talking economy and monetary policy at 7:15 PM. Back in December he reiterated that more easing from the Central Bank was the wrong path. So how bad is the retail hangover after Christmas. We'll find out -- same store sales data throughout the day expect overall sales to rise by 2% in the quiet period of January. That is down from the year ago tops the writers street analysts around Marcus says lately about the weather and. Promotions and get guys Joseph shoppers to the mile last night. Now January sales in just the slowdown in consumer spending from last year. We tell -- work hard I warmer than usual weather might actually benefit from this and February was introduced a new spring merchandise at -- price. Also on tap key employment in manufacturing data 8:30 AM -- the -- -- initial jobless claims and productivity figures. I is that New York is out at 945. I have biases jobless claims should rise slightly opt to use 380000. Virtually unchanged from last week's correction. A wide range of company earnings -- could add extra direction to the market in the morning. On the radar this CME group Dow Chemical MasterCard -- and Royal Caribbean. Dow -- stand up though start -- says there's a very high chance that could this mean estimate by threes that. And weekly gain more insight into the collapse of M global when the company's former chief risk officer. -- testifies before a house panel at 10 AM my stockman is likely to say he raised concerns about the firm's aggressive bets on European debt. About three months before its collapse stockman is also expected to tell congress he would no personal knowledge. Of what happened to missing funds worth over one billion dollars I've got to -- up there this is Reuters Insider.