WASHINGTON – Federal Reserve Chairman Ben S. Bernanke is scheduled to give his semi-annual report on monetary policy during a hearing of the House Financial Services Committee next Wednesday.
Bernanke will discuss the Fed's efforts to combat the recession through setting interest rates and other methods.
On Thursday, the panel is scheduled to hear from four prominent economists who will, according to the committee, discuss "current conditions in financial markets, how these conditions are affecting and will affect the broader economy going forward, as well as policy recommendations addressing specific problems in financial markets or macroeconomic problems."
Recommended For You
The four economists are: Alan S. Blinder of Princeton University, James K. Galbraith of the University of Texas, Nobel Laureate Joseph E. Stiglitz of Columbia University and John B. Taylor of Stanford University.
On Tuesday, the panel's subcommittee on Housing and Community Opportunity is slated to hold a hearing entitled "Loan Modifications: Are Mortgage Servicers Assisting Borrowers with Unaffordable Mortgages." The witnesses have not been announced.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
