Congressman Hill Indicates Jerome Powell May Skip February Testimony

A Republican lawmaker says Powell might miss the February hearings after a Justice Department subpoena and grand jury perjury accusations against the Fed Chair.

Summary

A key Republican lawmaker stated that Federal Reserve Chair Jerome Powell may skip the February Congressional hearings, which are required twice yearly, following a Justice Department subpoena to the Fed and a grand jury accusation of perjury against Powell. These hearings traditionally occur before both Senate and House committees.

Terms & Concepts
  • Federal Reserve: The central bank of the United States responsible for monetary policy and financial stability.
  • Congressional Testimony: An official appearance before a committee of the U.S. Congress to provide information or answer questions.