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Fed Chair Janet Yellen's speech at Jackson Hole is expected to avoid talk about monetary policy. But some economists think that could be hard to do.
U.S. stocks were trading higher on Tuesday, with each of the three major indexes on track for their best one-day percentage gains in over a week, as investors responded positively to lawmakers' comments on tax reform and the debt ceiling. U.S. House Speaker Paul Ryan indicated that tax reform would be easier to pass than the failed healthcare overhaul because Republicans have built a consensus. Senate Majority Leader Mitch McConnell said on Monday that there was "zero chance" that the United States will fail to raise the debt ceiling, allaying concerns that the United States is poised to default on its debt.