Yellen to Testify on Bank Supervision on Capitol Hill Wednesday
September 22 2016 - 5:30PM
Dow Jones News
Federal Reserve Chairwoman Janet Yellen will speak before the
House Financial Services Committee on Wednesday at its semiannual
hearing on the central bank's supervision and regulation of the
financial system.
The supervision and regulation hearings are required under the
2010 Dodd-Frank law. The law also called for the president to
nominate a Fed vice chairman for supervision. The Obama
administration hasn't nominated anyone to that position, forcing
Ms. Yellen to stand in instead.
Lawmakers are likely to ask the Fed chief about the Wells Fargo
scandal and the impact of the Dodd-Frank law. They also may grill
Ms. Yellen on monetary policy and the economy. Fed policy makers
this week held interest rates steady but hinted they would consider
raising them before the end of the year.
Wednesday's hearing is scheduled to start at 10 a.m. EDT.
Also next week, Federal Reserve governor Daniel Tarullo will
give a speech on the "next steps in the evolution of stress
testing" at 11:45 a.m. EDT Monday in New Haven, Conn., the central
bank said.
Write to David Harrison at david.harrison@wsj.com
(END) Dow Jones Newswires
September 22, 2016 17:15 ET (21:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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