Fed Chair Powell to Testify Before Coronavirus Panel on Economic Response to Pandemic

Sep 16, 2020
Press Release

Washington, D.C. (September 16, 2020) — On Wednesday, September 23, 2020, at 10:00 a.m. ET, the Select Subcommittee on the Coronavirus Crisis, chaired by Rep. James E. Clyburn, will hold a hybrid hearing with Federal Reserve Chair Jerome H. Powell on the Federal Reserve’s response to the coronavirus pandemic.

 

During a press conference earlier today, Chair Powell stated that “the current economic downturn is the most severe in our lifetimes,” and said, “the labor market has improved, but it’s a long, long way from maximum employment.”  To address these concerns, he indicated that “more fiscal support is likely to be needed.”   

 

The hearing will examine the current state of the job market, the federal government’s economic recovery efforts during the coronavirus crisis, how the crisis has exacerbated inequality, and the need for additional fiscal stimulus.

 

WHAT:  

Select Subcommittee Hybrid Hearing with Federal Reserve Chair Jerome H. Powell

WHEN:

10:00 a.m. ET on Wednesday, September 23, 2020

WHERE:

2154 RHOB

WHO:    

 

The Honorable Jerome H. Powell

Chair

Board of Governors of the Federal Reserve System

WATCH:

Livestream will be available on YouTube, the Select Subcommittee website, and the Committee on Oversight and Reform website.

116th Congress