Fed’s Bernanke to Testify on Monetary Policy on July 17-18
Bernanke will appear on the first day before the House Financial Services Committee at 10 a.m., David Popp, communications director for the committee, said in an e-mail. He will appear the next day before the Senate Banking Committee, a Senate aide confirmed.
The testimony, known as Humphrey-Hawkins for the legislation that established the semi-annual appearances, gives Bernanke an opportunity to present an update to Congress on the central bank’s $85 billion-a-month quantitative easing program.
Fed policy makers next meet in Washington on June 18-19. The central bank will release a statement and economic forecasts at 2 p.m. on the final day of the meeting, and Bernanke will hold a press conference at 2:30 p.m.
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