WATCH: @RepAndyBarr on opportunities to make enhancements to the function of the Fed:
“We should be constantly striving to improve upon a system that does work.”
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WATCH: @RepTimMooreNC on how the Fed should address affordability issues:
“… I believe that affordability is a legitimate issue around the economy and around the country. And I can tell you that a lot of the things that we've done in Congress, whether it's [the 21st Century
WATCH: @RepAndyBarr on the Fed’s failure to address interest rates in previous years:
"However, as you all know, there are critics of the Federal Reserve. And in recent history, a good example of critics pointing out that the Fed made a major mistake in 2021 is its
WATCH: @RepFrankLucas questions witnesses on the importance of each Fed board ensuring the bank is representative of the community it serves, to which Mr. Kelly responds:
“Well, I think diversity, you know, taken in all forms, is really helpful. We have a very large country. We
WATCH: @RepTimMooreNC on how the Fed is structured:
“Unlike most central banks around the world, the Federal Reserve was is intentionally designed as a decentralized system, as it's been testified to previously, one that combines the national policy making with regional
WATCH: @Rep_Davidson on the Fed’s independent structure:
“You know, constituents do talk about the Federal Reserve. Now, I won't say it's going to make prime time news normally, but, you know, when we talk about the structure, one of the things that people wonder, ‘what did we
WATCH: @RepAndyBarr on consolidating federal financial regulatory authority:
“Legislation has been proposed in our committee over several different terms of Congress in my time in service to consolidate federal regulatory agencies, and maybe this is a bit of a radical idea, but
WATCH: @RepFrankLucas questions witnesses on whether a decentralized Federal Reserve system produces better monetary policy outcomes than a central bank concentrated in Washington, D.C., or New York City. Mr. Hoenig responds:
“So you really find yourself coming to a better
WATCH: Task Force Chairman @RepFrankLucas delivers opening remarks at today's field hearing:
“Whether it’s the inelasticity of demand, risk management practices, or the impact of global markets, equipment leasing, and the weather forecast – all of these issues determine how the
HAPPENING NOW: Chairman @RepFrankLucas convenes the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity hearing entitled: "Examining the Structure of the Federal Reserve System."
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Homeownership is a cornerstone of the American Dream.
In CA, the cost of reaching that dream has skyrocketed.
Our district’s median home price now exceeds $1.2 million.
I helped advance the 21st Century ROAD to Housing Act to increase housing & make homeownership attainable
National Homeownership Month underscores the importance of expanding access to affordable housing and creating pathways to homeownership. Through initiatives like the House's bipartisan 21st Century ROAD to Housing Act, the Committee is working to increase housing supply, reduce