Bernanke & Volcker to Testify Before Chmn. Frank 3/17/10
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Normally we just update The Weekly Crib Sheet – but this is worth an extra post: Fed Chmn. Ben Bernanke and fmr. Fed Chmn. and current Chmn. of the President’s Economic Recovery Advisory Board Paul Volcker are now among the witnesses for the House Financial Services Cmte’s hearing 3/17 on “Examining the Link Between Fed Bank Supervision and Monetary Policy.”
WHY YOU CARE: Forget the title of the hearing, this is about Senate Banking Cmte. Chmn. Christopher Dodd’s new financial reform bill unveiled 3/15. Remember when we told you in The Weekly Crib Sheet that although Chmn. Dodd didn’t have a hearing scheduled this week on his new draft bill that it didn’t really matter given the number of players testifying or appearing this week on the topic elsewhere? Well, Chmn. Frank’s witness list just made that point all the more salient.
