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Wednesday, July 6, 2022

Powell Hearing Is Canceled as Nation Honors George H.W. Bush

Powell Hearing Is Canceled as Nation Honors George H.W. Bush&© Bloomberg. Jerome Powell, chairman of the U.S. Federal Reserve, listens during a Senate Banking Committee hearing in Washington, D.C., U.S., on Thursday, March 1, 2018. Powell, delivering his second round of semi-annual testimony to Congress today, told lawmakers on Tuesday the next two years will be good ones for the economy. If he’s right, he’ll be at the controls when the current U.S. expansion becomes the longest on record.

(Bloomberg) — Federal Reserve Chairman Jerome Powell’s testimony to Congress scheduled for Wednesday has been canceled as the nation pauses to honor the late President George H.W. Bush, according to a staffer with the Joint Economic Committee.

Connie Foster of the bicameral panel in Washington said there’s no date yet for a rescheduled hearing, which was originally set for 10:15 a.m. in Washington on Dec. 5.

President Donald Trump designated Wednesday as a national day of mourning after the 41st U.S. president died at his home in Houston on Friday.

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Source: Investing.com

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