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Congressional Republicans are intensifying their scrutiny of the Federal Reserve amid ongoing inflation concerns and debates about the central bank's regulatory role. As inflation persists, GOP lawmakers are questioning the Fed's dual mandate and its effectiveness in managing monetary policy. A new House task force has been established to examine the Fed's objectives, with discussions focusing on the central bank's supplementary leverage ratio and its 2% inflation target. The House Financial Services Committee has indicated that broad changes to the Fed's mission could be proposed, reflecting the Republican Party's growing dissatisfaction with the Fed's performance in controlling inflation. Democrats are also closely monitoring the situation, particularly in light of former President Trump's recent tariffs and policies that may influence economic conditions.
A new task force in the US House began to examine the Federal Reserve's role and goals, with Republicans raising questions about its track record on controlling inflation, and Democrats on watch for the impact of Trump's fresh tariffs and other policies https://t.co/zslWmzkyp4
Republicans on the House Financial Services Committee floated broad changes to the mission of the Federal Reserve this morning. Everything from bank supervision to the Fed’s 2% inflation target appears to be on the chopping block if the GOP has its way. https://t.co/q9JurRkiSd
At today’s Task Force hearing, we had the opportunity to discuss a number of monetary policy issues that have real impacts on Americans. One issue in particular was the Fed’s calculation of the supplementary leverage ratio. We agreed that given the stress on the Treasury… https://t.co/o2kGAaAjTU