Bernanke to Testify 2/24 on Capitol Hill
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We updated our “Look Ahead” section of the The Weekly Crib Sheet today noting that Fed Chmn. Ben Bernanke will testify on Capitol Hill (as part of his semi-annual report to Congress) on Thursday, February 24.
WHY YOU CARE: There are two important things to note: 1) the House Financial Services Cmte. wants to have a pre-hearing hearing as a primer, on February 23rd, which makes a lot of sense if you are committee chairman Barney Frank and worried that your regulatory reform bill (HR 4173) that was sent to the Senate might get watered down; and 2) given that Chmn. Bernanke should also testify on the Senate side it seems like a good time to parse Senate questions on tweaks to the next Senate Banking Cmte. draft to Chmn. Christopher Dodd’s regulatory reform bill. [Editor's Note: We posted this earlier today as "expected to testify." It is now official].
