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(Reuters) - The Republican-led U.S. House of Representatives Oversight Committee on Monday asked Federal Reserve Chair Jerome Powell to hand over confidential documents related to the central bank's supervision of failed Silicon Valley Bank.
(The Center Square) – The House Oversight lawmakers tasked with finding out why Silicon Valley Bank failed earlier this year and threatened the health of the entire economy are pushing
House Oversight Committee Chairman James Comer (R-Ky.) pressed Federal Reserve Chairman Jerome Powell for information as his panel probes the collapse of Silicon Valley Bank (SVB), alleging the agency has been insufficiently responsive to previous requests. In a Monday letter to Powell, Comer and Rep. Lisa McClain (R-Mich.), chair of the subcommittee on Health Care…
The panel will also vote on Fed Governor Lisa Cook, re-nominated for a 14-year term, and Fed Board nominee Adriana Kugler, a labor economist at the World Bank, according to an emailed notice on Friday. Since they became Fed governors last year, Cook and Jefferson have both supported the U.S. central bank's interest rates hikes, and in their nomination hearing last month reiterated their determination to fight too-high inflation.
(Reuters) - The U.S. Senate Banking Committee will vote on Wednesday on whether to advance President Joe Biden's pick for the Federal Reserve's next v...