The Week Ahead: U.S. Banking Committee to Focus on Powell & Montgomery

The United States Senate Banking Committee is scheduled to have a busy Tuesday this week. At 10 a.m. on Tuesday, November 28, the Banking Committee will meet in a full open session to conduct a hearing on the nomination of Jerome Powell to be Chairman of the Board of Governors of the Federal Reserve System. President Trump nominated Powell for the position on November 2. He will succeed current Fed Chair Janet Yellen.

Prior to the Powell nomination hearing, beginning at 9:45 a.m. in room 216 of the Hart Senate Office Building, the Banking Committee will meet in Executive Session to vote on the following nominations: Brian Montgomery to be Assistant Secretary for Housing—Federal Housing Commissioner, U.S. Department of Housing and Urban Development; Robert Kurtz to be Assistant Secretary for Public and Indian Housing, U.S. Department of Housing and Urban Development; and Suzanne Tufts to be Assistant Secretary for Administration, U.S. Department of Housing and Urban Development.

Other Events This Week:

• Zillow Rent Affordability report, Wednesday
• MBA's Weekly Applications Survey, Wednesday, 7 a.m. EST
• Freddie Mac Primary Mortgage Market Survey, Thursday, 8 a.m. EST