Yellen Set to Testify Before House Panel on Wednesday06.17.2016 By John D'Antona Editor, Traders Magazine
(This article first appeared on The Hill)
Federal Reserve Chairwoman Janet Yellen will deliver her semiannual report on monetary policy to the House Financial Services Committee on Wednesday, June 22, a day after her scheduled Senate testimony, the panel announced on Thursday, June 16.
Yellen, who last testified on Capitol Hill in February, will appear before the House and Senate committees less than a week after the Fed decided to hold off on another interest rate increase amid concerns about the strength of the global economy.
She will appear before the Senate Banking Committee on Tuesday.
The central bank on Wednesday said that while U.S. economy is moderately improving, the Fed still has some room to keep interest rates low.
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She begins term effective October 1.
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