Earnings and data will continue to roll in Wednesday, but the key event of the day may well be remarks from the chief of the U.S. central bank.

Federal Reserve

Chairman Ben Bernanke is set to deliver a speech on monetary policy before the Committee on Financial Services at the House of Representatives, and his comments could have a significant influence on the direction of the market and on traders' perception about the likelihood of more near-term rate cuts.

Bernanke will begin speaking at 10 a.m. EST.

Also, Fed Governor Fred Mishkin will discuss the importance of financial literacy at a conference in Washington.

Meanwhile, among earnings,

Nortel

( NT),

Toll Brothers

(TOL) - Get Toll Brothers, Inc. Report

and

Salesforce.com

(CRM) - Get salesforce.com, inc. Report

are expected to report.

Quarterly results are on tap from

Boyd Gaming

(BYD) - Get Boyd Gaming Corporation Report

,

Charter Communications

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,

Checkpoint

(CKP)

and

Magna

(MGA) - Get Magna International Inc. Report

, as well.

Elsewhere,

JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. (JPM) Report

will host an investor day.

On the data side, durable goods orders and new-home sales are due, along with the Energy Department's weekly report on petroleum inventories.

As for what's next on

TheStreet.com

, Adam Feuerstein will take a look at

Elan

(ELN)

, and Sam Patel of TSC Ratings will offer up ideas about investing in funds with a concentration in India.

This article was written by a staff member of TheStreet.com.