On Tuesday, the Committee on Banking, Housing, and Urban Affairs will meet in an Executive Session to further consider the nomination of Jerome Powell as Chairman of the Federal Reserve.
Last week, Powell faced intense questioning from both party lines about his nomination during a lengthy session before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Topics ranged from Powell’s philosophy on deregulation, to interest rates and shrinking the size of the Fed’s balance sheet, to the potential effects of tax reform.
The Senate Banking Committee wrapped up the session by calling for Senators to submit any further questions they had for the record by Friday, December 1, at noon. The Committee asked for Powell’s responses to those questions to be submitted by Monday, December 4, at 10 a.m.
If confirmed, Powell would replace Janet Yellen, who announced her retirement from the Fed’s Board of Governors in early November, following Powell’s nomination as Fed Chair by President Trump.
The hearing will begin December 5, 2017, at 10:00 a.m. EST.
To watch the hearing live, click here.
Also to be released this week: