Senate Banking Committee Chairman Tim Scott suggested this morning that the committee had decided not to compel Fed Chair Jay Powell to produce his regular, Q1 monetary policy testimony, due to the fallout from the DOJ probe stemming from his June testimony. "He is more concerned about the criminal proceeding, and I get that," Scott told CNBC. The committee had initially planned a hearing for Feb. 11, he said. House Financial Services Committee Chairman French Hill sounded somewhat less ready to throw in the towel last week, when he told Bloomberg TV that Powell had been invited and the committee was "trying to find a date and coordinate that date with the Senate Banking Committee because we typically do those hearings back to back, so I hope that that can happen soon." But there's nothing on the calendar, and Powell's term ends in nine weeks.(Nick Timiraos)