Fed Chair Yellen will be presenting her semi-annual monetary policy testimony – sometimes called the “Humphrey-Hawkins” testimony – on Tuesday and Wednesday of this week. Goldman expects Yellen not to stray far from the message of the January FOMC statement and meeting minutes, seeing it unlikely she will preempt the Committee by sending a strong signal on whether “patience” will be removed from the statement at the March meeting. The testimony will probably not be a major market mover.