Powell To Face Congress Amid Criticism Over Fed’s Policy Stance

U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference. He is scheduled to testify before the House Financial Services Committee and the Senate Banking Committee this week, marking his first appearance before Congress since March. (Photo by Drew Angerer/Getty Images)

The Federal Reserve recently decided to hold interest rates, pausing a period of uninterrupted rate hikes that began in March 2022.

The Fed Chair Jerome Powell is scheduled to testify before the House Financial Services Committee on Wednesday and the Senate Banking Committee on Thursday, marking his first appearance before Congress since March.