Chairman Scott Opening Statement at Hearing with Chair Powell - June 25, 2025

Senate Committee on Banking, Housing, and Urban Affairs · June 25, 2025

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Opening remarks and recognition

Presentation

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An unnamed committee member opened the hearing, thanked Chair Powell for attending and for a recent action to remove "reputational risk" from bank examination at the Federal Reserve, and set the tone for accountability and transparency.

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A committee member opening remarks to the Senate Committee on Banking, Housing, and Urban Affairs criticized the Federal Reserve's recent $2.5 billion office renovation, warned against politicized supervision, and urged Vice Chair for Supervision Michelle Bowman to lead reforms while the committee prepared to hear testimony from Fed Chair Powell.

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Transcript

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