With global economic anxiety growing due to the armed conflict between the United States and Iran, the US financial market ‘Big Week’ begins on the 14th (local time). The market's attention is focused on the first congressional remarks after the inauguration of the new US Federal Reserve Chairman Kevin Worth (pictured) and the announcement of the US Consumer Price Index (CPI) in June. Chairman Wash, who took office last month, is expected to attend the semi-annual hearing held at the U.S. Congress on the 14th and 15th to reveal his views on the direction of inflation and interest rates and plans to reform the Federal Reserve. The Federal Reserve Chairman appears before Congress twice a year and announces semiannual monetary policy. Previously, Chairman Wash believed that announcing the Federal Reserve's interest rate direction in advance would hinder market efficiency, so he remained silent externally. Accordingly, language hinting at future policy direction was deleted from the Federal Open Market Committee (FOMC) statement in June. He also refused to submit his interest rate forecasts to the dot plot that shows the interest rate forecasts of Federal Reserve members. The British Financial Times (FT) said, “This change led to Chairman Wash attending the hearing.