Fed's Yellen to testify before Congress February 11 and 13

U.S. Federal Reserve Vice Chair Yellen stands after testifying during a confirmation hearing on her nomination to be the next chairman of the U.S. Federal Reserve before the Senate Banking Committee in Washington(Reuters) – Incoming Federal Reserve Chair Janet Yellen will testify before U.S. lawmakers on February 11 and again on February 13 in what will probably be her first public comments on monetary policy and the economy after taking the reins at the U.S. central bank. Yellen, who succeeds Ben Bernanke on Saturday to become the first woman to head the Fed, will break a nearly three-month-long silence with the two days of testimony on the Fed’s semi-annual monetary policy report. Yellen is to appear before the House Financial Services Committee at 10 a.m. on February 11, according to a statement on Friday by the committee’s chairman. She faces the Senate Banking Committee at 10:30 a.m. on February 13, a committee aide said.

Share this article