House committee chair wants testimony from Fed’s Powell soon

March 6 (Reuters) – The head of the House Financial ​Services Committee on ‌Friday told Bloomberg TV that he hoped that the first ‌of ​the ⁠twice-yearly updates to ⁠Congress from the chair of the Federal Reserve will occur ​soon.

That testimony, due to be ⁠delivered ⁠by outgoing Chair ​Jerome Powell, has yet ​to be scheduled amid ‌a Department of Justice probe into remarks Powell ⁠made during the Senate leg of last summer’s ⁠congressional ‌testimony. The chair’s ⁠first testimony ​traditionally ‌takes place between ​the Fed’s ⁠first and second meetings of the year.

(Reporting by Howard SchneiderEditing by Tomasz ​Janowski)