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Chairman Hill Announces Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force of the House Financial Services Committee

Washington, Jan 14 -

House Financial Services Committee Chairman French Hill (AR-02) today announced the House Financial Services Committee will be creating the new Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force for the 119th Congress. The new Task Force will be led by Rep. Frank Lucas (OK-03).

“I am delighted to announce the formation of the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force," said Chairman Hill. "For far too long, we have witnessed too many distracting ‘mandates’ diluting the Federal Reserve’s core mission of price stability. The pernicious combination of record inflation and the Biden-Harris spending spree are threatening our families’ prosperity, the status of the U.S. dollar as the globe’s reserve currency, and the conduct of monetary policy.

“The Committee’s new Task Force will conduct hearings looking into issues relating to monetary policy, the Federal Reserve’s dual mandate, analyze the role and responsibility of the Federal Reserve, and examine the impact of fiscal and monetary policies on Treasury debt markets. I look forward to the Task Force’s Chair, Rep. Frank Lucas, and our members working to craft policies that ensure the U.S. dollar remains the world’s reserve currency and ensure price stability which leads to higher productivity, less uncertainty, and sustained economic prosperity for all Americans.”

Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force Members:

Chair Frank Lucas (OK-03), Rep. Bill Huizenga (MI-04), Rep. Andy Barr (KY-06), Rep. Marlin Stutzman (IN-03), Rep. Scott Fitzgerald (WI-05), Rep. Mike Flood (NE-01), Rep. Monica De La Cruz (TX-15), Rep. Troy Downing (MT-02)

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