(Reuters) – U.S. stock index futures were flat on Tuesday as investors parse another round of earnings reports and await a speech from outgoing Federal Reserve Chair Janet Yellen.
* Yellen will give acceptance remarks at a presentation of the Paul H. Douglas Award for Ethics in Government in Washington at 2:30 p.m. ET (1830 GMT).
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* Her speech will come less than a week after President Donald Trump chose Fed governor Jerome Powell to replace Yellen at the end of her term in 2018.
* Apart from Yellen, Fed Vice Chair for Supervision Randal Quarles will take part in a discussion on financial regulation.
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* This will be Quarles’ first extensive public comments since taking up the job and Wall Street will be keen to hear on the deregulation of banks from Trump’s nominee.
* Investors will also keep an eye on the ongoing tax bill negotiations within the Republican party. House Republicans last week unveiled the first draft of a tax overhaul bill that, if enacted, would be the biggest overhaul of the U.S. tax system since the 1980s.
Range - Tax - Cuts - Businesses - Rate
* It proposes a range of tax cuts aimed at helping businesses, including slashing the corporate rate to 20 percent from 35 percent.
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