(Reuters) – Federal Reserve Chair Jerome Powell will give his twice-yearly report on financial coverage to the U.S. Senate on June 22, only a week after the central financial institution is anticipated to ship one other half-point rate of interest hike because it seeks to deliver inflation below management.

The Senate Banking Committee additionally mentioned it could maintain a vote for President Joe Biden’s decide for Fed vice chair of supervision, Michael Barr, for June 8 at 2:30 pm ET, a obligatory step earlier than a full Senate vote on Barr’s affirmation.