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FOMC Chairman Jerome Powell and Treasury Secretary Mnuchin are testifying in a hearing entitled “The Quarterly CARES Act Report to Congress” before the Committee on Banking, Housing and Urban Affairs on Tuesday at 1400 GMT.

About Jerome Powell (via

Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System’s principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.

Powell’s testimony: Committed to using our full range of tools to support economy in this challenging time

The US Federal Reserve (Fed) already released the text of the Chairman Jerome Powell’s testimony 18 hours earlier than scheduled time…