The U.S. Senate Banking Committee is scheduled to review the nomination of Jerome Powell as Federal Reserve Chair on April 16.

MeNews · 2026-04-07T16:04:03+00:00

On April 16, the U.S. Senate Banking Committee will hold a hearing to review Kevin Wosh’s nomination to serve as Chair of the Federal Reserve. At the same time, the investigation into the current Chair, Powell, is still ongoing and may affect Wosh’s nomination process. Committee members have stated that they will not vote to confirm until the investigation is completed.

MeNews

2026-04-07 16:04:03

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ME News report: On April 4 (UTC+8), an insider told CNBC that the U.S. Senate Banking Committee will hold a hearing on April 16 to review Kevin·Wosch’s nomination to serve as Chair of the Federal Reserve. Another criminal investigation involving the Federal Reserve is still ongoing, and it is looking into whether the current Chair, Powell, made false statements to Congress regarding the costly renovation of the Federal Reserve office building. Meanwhile, Wosch’s nomination process is still moving forward, which could put two parallel tracks pushed by the Trump administration at odds. Banking Committee member Thom Tillis has already said he will not vote to confirm Wosch before the investigation is concluded, meaning the Trump administration cannot advance both processes at the same time. However, by continuing to move the hearing forward, Trump is clearly still trying to achieve that goal. The Senate Banking Committee has not yet placed the hearing on the public calendar. (Source: Jin Ten)

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