Alphonso Jackson is also slated to take part in the panel titled Legislative and Regulatory Options for Minimising and Mitigating Mortgage ForeclosuresWASHINGTON - Federal Reserve Chairman Ben Bernanke is scheduled to testify before the US House of Representatives' Financial Services Committee on Sept 20 along with Treasury Secretary Henry Paulson, the committee announced on Thursday.
The hearing will examine steps President George W Bush proposed in late August intended to help homeowners avoid defaulting on mortgages and 'review other options for assisting homeowners at risk of foreclosure', the committee said in a statement.
Alphonso Jackson, who heads the Department of Housing and Urban Development, is also slated to take part in the panel titled Legislative and Regulatory Options for Minimising and Mitigating Mortgage Foreclosures, according to the announcement.
The hearing will be held at 10am.
The hearing follows by two days a Fed policy-setting meeting at which the central bank is widely expected to lower benchmark US interest rates by at least a quarter-percentage point.
Consumer advocates and industry representatives will also take part in the hearing, according to the committee's announcement. -- REUTERS
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