Fed Chair Jerome Powell is currently testifying before the House Financial Services Committee alongside US Treasury Secretary Janet Yellen. 

Key takeaways:

"The taper need not be a disruptive event in markets; do not expect it will be."

"Highly accommodative policy we have, even after the taper, means it is appropriate we taper."

"It's appropriate that we taper and that we consider at next meeting to taper faster."

"It is appropriate we consider speeding taper at next meeting to wrap it up earlier."