May 12, 2020 / 8:52 PM / 19 days ago

Powell, Mnuchin to testify before Senate panel next week on pandemic response

FILE PHOTO: Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on "Monetary Policy and the State of the Economy" in Washington, U.S. July 10, 2019. REUTERS/Erin Scott/File Photo

WASHINGTON (Reuters) - Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin will testify via the web before the Senate Banking Committee next Tuesday in the first required update to Congress on the economic response to the coronavirus pandemic.

The committee said the first quarterly hearing required under the CARES act would be held remotely beginning at 10 a.m. Eastern time.

Reporting by Howard Schneider; Editing by Chris Reese

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