Secretary of the Treasury Scott Bessent returns to Capitol Hill on Wednesday, to testify in the House for a second day. His questioning about the global financial system comes the same day the Federal Reserve made its first interest rate decision since President Trump announced his plan for sweeping global tariffs.
In the first months of his second term, Trump has alternately railed against Fed Chair Jerome Powell for not lowering interest rates and promised to not fire him when markets reacted negatively to suggestions he might do just that.
The Federal Reserve opted to maintain current rate levels, the Fed announced at 2 p.m. Markets had been confident the Fed would maintain its hold after pausing cuts during its January and March meetings. Powell will speak at 2:30 p.m. EDT. Watch it live here.
FBI Director Kash Patel is set to testify in front of a House Appropriations panel about the agency’s budget.
Other Trump administration officials will also be defending their department needs, including Agriculture Secretary Brooke Rollins, Energy Secretary Chris Wright and Army Secretary Dan Driscoll. FEMA Acting Administrator Cam Hamilton will appear at an oversight hearing.
And the Oversight Committee’s DOGE panel will hold a hearing on trans athletes.
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