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Fed Update to Congress Delayed Amid Powell Investigation

3/6/2026

28 5 Full Breakdown

Summary

Story summary

On March 6, 2026, the head of the House Financial Services Committee expressed hope that the Federal Reserve's first update to Congress will happen soon.
The testimony is expected from outgoing Federal Reserve Chair Jerome Powell, but it has not been scheduled due to a Department of Justice investigation into Powell's comments during last summer's Senate testimony.
Typically, this update occurs between Fed's first and second meetings of the year.

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Story summary

On March 6, 2026, the head of the House Financial Services Committee expressed hope that the Federal Reserve's first update to Congress will happen soon.
The testimony is expected from outgoing Federal Reserve Chair Jerome Powell, but it has not been scheduled due to a Department of Justice investigation into Powell's comments during last summer's Senate testimony.
Typically, this update occurs between Fed's first and second meetings of the year.