House Financial Services Committee

Federal Reserve Chair Jerome Powell testifies about monetary policy and the state of the economy before the House Financial Services Committee on Wednesday. Powell reiterated the Fed is gearing up to raise interest rates this month.

The Federal Reserve is ready to raise interest rates soon despite the war in Ukraine

2:59pm March 02, 2022

by Scott Horsley

Fed Chair Jerome Powell says the central bank is prepared to begin raising interest rates this month to fight inflation despite economic uncertainty after Russia's invasion of Ukraine.

Treasury Secretary Steven Mnuchin says he has not reviewed an IRS memo that says the agency must turn over a president's tax returns to Congress.

Politics & Government

Mnuchin Says He Has 'Not Yet' Reviewed Memo Mandating IRS Turn Over Trump Tax Returns

5:04pm May 22, 2019

by Brian Naylor

The Treasury secretary has refused to comply with a House subpoena from a committee chairman requesting that the agency turn over Trump's tax returns.

Harriet Tubman won't be put on the $20 bill during the Trump administration.

Harriet Tubman On The $20 Bill? Not During The Trump Administration

4:32pm May 22, 2019

by Brian Naylor

Treasury Secretary Steven Mnuchin ruled out any changes to the U.S. currency imagery before 2028.

Citigroup Chief Executive Officer Michael Corbat (from left), JPMorgan Chase CEO Jamie Dimon and other top bank executives are sworn in before testifying before the House Financial Services Committee on Wednesday.

How'd You Feel If Your Boss Made $486 For Every Dollar You Make?

5:48pm April 10, 2019

by Jim Zarroli

Citigroup's CEO received $24 million in compensation last year, while the median employee pay at the bank was just under $50,000. Executive pay was one of the issues at a House hearing Wednesday.

Queue Listen Now

Wells Fargo CEO Timothy Sloan faced hours of questioning Tuesday from both Republicans and Democrats on the House Financial Services Committee.

Politics & Government

CEO Says Wells Fargo Has Transformed After Scandals; Lawmakers Are Skeptical

5:52pm March 12, 2019

by Daniella Cheslow

Both Republican and Democratic lawmakers question whether Wells Fargo has changed its culture away from fraud and mismanagement that have led to billions in fines and penalties against the bank.