Senate banking committee says Yellen to testify February 27

Reuters News
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Posted: Feb 20, 2014 11:11 AM

WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen will testify before U.S. lawmakers on February 27 after a Senate panel previously canceled the original hearing date due to a recent snowstorm in Washington, D.C.

Yellen, who succeeded Ben Bernanke to become the first woman to head the Fed, will provide an update on the U.S. central bank's semi-annual monetary policy report.

This marks her second delivery of the report on Capitol Hill. She will face the Senate Banking Committee at 10:00 a.m. ET on February 27, the committee said.

She endured six hours of answering lawmakers' questions at a House Financial Services Committee on February 11 when she first delivered the Fed's semi-annual monetary-policy report.

(Reporting by Margaret Chadbourn; Editing by James Dalgleish)