WASHINGTON – The Senate Banking Committee announced Wednesday it has postponed the hearing with new Federal Reserve Chairwoman Janet Yellen that had been scheduled for Thursday. In a statement, the Committee said that it had not selected a new date for the hearing. After completing its work today, the Senate will be in recess until February 24. The Senate is leaving early due to an expected winter storm on Wednesday evening. Yellen had been set to give her second day of testimony on monetary policy to the Senate panel. Her hearing before the House Financial Services panel on Tuesday lasted six hours with a few breaks.
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