U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee (FOMC) on interest rate policy, in Washington, D.C., U.S., January 28, 2026. REUTERS/Jonathan Ernst
March 6 (Reuters) – The head of the House Financial Services Committee on Friday told Bloomberg TV that he hoped that the first of the twice-yearly updates to Congress from the chair of the Federal Reserve will occur soon.
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That testimony, due to be delivered by outgoing Chair Jerome Powell, has yet to be scheduled amid a Department of Justice probe into remarks Powell made during the Senate leg of last summer’s congressional testimony. The chair’s first testimony traditionally takes place between the Fed’s first and second meetings of the year.
(Reporting by Howard SchneiderEditing by Tomasz Janowski)