Topic: Central Clearing (ZZZZ).

Fed's Powell (a board of governor member) will be speaking today at 1:15 PM ET on "Central Clearing in an Interdependent World" at the Clearing House annual conference.

We might have to wait for Q&A on that one.

Later at 3:30 PM ET, Fed Governor Tarullo will speak in Washington at the Brookings institute. His topic? "Are we safer? A look at the financial system, post crisis."