financialservices.house.gov

Cmte Financial Services (R)
Contact:


Chairman Hensarling Announces Fed Semi-Annual Monetary Policy Report to Congress

Washington, Jun 24 -

WASHINGTON- Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced that Federal Reserve Chair Janet Yellen will appear before the committee on Wednesday, July 15 at 10 a.m. for the Fed’s semi-annual Monetary Policy Report to Congress and to discuss the state of the economy.

During Chair Yellen’s last appearance before the committee in February, Chairman Hensarling highlighted the need for reforms to make the nation’s central bank more accountable and transparent.  Among other reforms, Chairman Hensarling has argued the Fed would be more transparent and accountable, and the economy would be healthier, if it would adopt “a more predictable method or rules-based monetary policy” of its own choosing.

“After Dodd-Frank, a quadrupled balance sheet, massive bailouts and unprecedented credit market interventions, and the financing and facilitation of trillions of dollars of new national debt, this is clearly a very different Fed,” Chairman Hensarling said during the February hearing with Chair Yellen.

Media outlets interested in attending the hearing need to contact Maria Kim at maria.kim@mail.house.gov to RSVP.

###