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House Panel Prods Fed’s Powell for Help With SVB Collapse Probe

  • GOP-led oversight committee reaches out directly to Fed chair
  • Request for records centers on San Francisco branch’s role
Jerome Powell

Jerome Powell

Photographer: Stefani Reynolds/AFP/Getty Images
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The US House’s top government watchdog committee is asking Federal Reserve Chair Jerome Powell to help its investigation into the failure of Silicon Valley Bank, saying Fed officials are balking at turning over some records.

In a letter to Powell on Monday, the House Oversight Committee’s Republican chairman James Comer says Fed staff produced some non-public confidential supervisory information but that the panel hasn’t “received any communications responsive to” requests it has made starting in late April.