Federal Reserve Chair Jerome Powell will give his twice-yearly report on monetary policy to the U.S. Senate on June 22, just a week after the central bank is expected to deliver another half-point interest rate hike as it seeks to bring inflation under control.
The Senate Banking Committee also said it would hold a vote for President Joe Biden’s pick for Fed vice chair of supervision, Michael Barr, for June 8 at 2:30 pm ET, a necessary step before a full Senate vote on Barr’s confirmation.
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