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

MeNews · 2026-04-07T10:13:18+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 10:13:18

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ME News, April 4 (UTC+8), a source told CNBC that the U.S. Senate Banking Committee will hold a hearing on April 16 to review Kevin Wosh’s nomination to serve as the Chairman of the Federal Reserve. A separate criminal investigation involving the Federal Reserve is still ongoing, and is examining whether the current Chair, Powell, made false statements to Congress regarding the expensive renovation of the Federal Reserve’s office building. Meanwhile, Wosh’s nomination process is still moving forward, which could put the two parallel tracks pushed by the Trump administration in conflict. Banking Committee member Thom Tillis has said he will not vote to confirm Wosh before the investigation is concluded, meaning Trump cannot move both processes forward at the same time, but by continuing to advance the hearing, 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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