The chairman of the House Financial Services Committee expressed optimism Friday that Federal Reserve Chair Jerome Powell will deliver his mandatory congressional briefing in the near future.
During an interview with Bloomberg TV, the committee leader indicated he expects the first of two annual Fed updates to lawmakers to take place shortly. Powell, who is preparing to step down from his role, typically provides this testimony between the Federal Reserve’s initial two policy meetings each year.
However, the appearance remains unscheduled as the Justice Department continues investigating comments Powell made during his testimony before senators last summer. This ongoing probe has created uncertainty around the timing of the Fed chair’s required congressional update.
