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Bernanke Forced to Defend Fed's 'Easy-Money' Monetary Policy

| Posted in Member Corner
Tags: Full Committee, Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity

"I believe… the economic challenges of our nation are fiscal in nature, not monetary. They cannot be solved by the Fed." – Chairman Jeb Hensarling "There seems to be…a lot of evidence out there that the benefits of the low interest rate and quantitative easing are accruing primarily to the federal government, foreign governments and large banks.” – Monetary Policy &…

Chairman Hensarling: "For us to have a healthy economy, we must put the nation on a sustainable fiscal path. And to have a sustainable fiscal path, we must also have a sustainable housing finance system. I have grave fears that FHA, as it is operating today, is an impediment to both."

| Posted in Press Releases
Tags: Full Committee, Subcommittee on Housing and Insurance

WASHINGTON- House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing titled “Bailout, Bust, or Much Ado About Nothing?: A Look at the Federal Housing Administration’s 2012 Actuarial Report.”

Chairman Hensarling: "Open Question Whether FHA Has Now Morphed into Countrywide. Arguably, the FHA Has Now Become the Nation's Largest Subprime Lender"

| Posted in Press Releases
Tags: Full Committee

WASHINGTON – House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing on the proper role of the Federal Housing Administration (FHA) in the nation's mortgage insurance market.  Today's hearing is the first in a series of hearings the committee plans on the FHA.    "Last week many of us awoke to…