Fed Chairman Ben Bernanke

Federal Reserve Chairman Ben Bernanke will testify before Congress about the economic outlook and monetary policy on July 17 and 18, according to an online report by The Wall Street Journal.

The Journal, quoting a Senate aide, said that Bernanke will go before the Senate Banking Committee on July 17 to discuss his semiannual report on monetary policy and will visit the House Financial-Services Committee on July 18.

Many economists believe the central bank is closer to another round of asset purchases to help the economy, given the recent weakness seen in economic data.