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News Now

Washington
Monetary policy too big to fail on House hearing agenda
WASHINGTON (7/16/09)—Federal Reserve Board Chairman Ben Bernanke is scheduled to deliver his semiannual report on monetary policy and the state of the economy before the House Financial Services Committee July 21. Bernanke will repeat his remarks before the Senate Banking Committee at a date yet to be made public. Also newly noticed on the House committee’s hearing schedule, and also slated for July 21, is an examination of the issues of “too big to fail” financial institutions. The committee’s study of systemic risk will look at whether some institutions truly are too big for the country to allow them to fail and, if so, what should be done about such a situation. A witness list was not yet available.


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