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Treasury Secretary Bessent to Testify Amid Fed Controversy

2/4/2026

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Summary

Story summary

Treasury Secretary Scott Bessent will testify before the House Financial Services Committee on Wednesday at 10 a.m. about the Financial Stability Oversight Council's annual report.
The hearing follows the Trump administration's move to replace Federal Reserve Chairman Jerome Powell, who is under investigation for his handling of the central bank's renovations.
Bessent is also scheduled to appear before the Senate Banking Committee on Thursday at 10 a.m.

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Story summary

Treasury Secretary Scott Bessent will testify before the House Financial Services Committee on Wednesday at 10 a.m. about the Financial Stability Oversight Council's annual report.
The hearing follows the Trump administration's move to replace Federal Reserve Chairman Jerome Powell, who is under investigation for his handling of the central bank's renovations.
Bessent is also scheduled to appear before the Senate Banking Committee on Thursday at 10 a.m.