Powell Declined to Speak Before Senate Banking Panel: Scott (1)

(Updates with additional details on Tim Scott’s conversation with Fed Chair Jerome Powell about testifying to the Senate Banking Committee.)

• Fed Chair Jerome Powell declined to testify to the Senate Banking Committee in the context of a previously scheduled hearing for February 11, Senate Banking Committee Chairman Tim Scott says
• Powell is “more concerned” about the ongoing DOJ proceedings against the Fed at this point, Scott says
• Scott says he recommended to Powell that he testify before the panel again
• During a previous testimony to the committee, Powell “was woefully unprepared, but he did not commit a criminal act,” Scott ...