The Federal Reserve’s Semi-Annual Monetary Policy Report (EventID=117512)

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Connect with the House Financial Services Committee Get the latest news: https://democrats-financialservices.house.gov/ Follow us on Facebook: https://www.facebook.com/HouseFinancialCmte Follow us on Twitter: https://twitter.com/FSCDems ___________________________________ On Wednesday, July 10, 2024, at 10:00 a.m. (ET) full Committee Chairman McHenry and Ranking Member Waters will host a hearing entitled, “The Federal Reserve’s Semi-Annual Monetary Policy Report." ___________________________________ Witness for this one-panel hearing will be: • The Honorable Jerome H. Powell, Chair, Board of Governors of the Federal Reserve System ___________________________________ The Federal Reserve Act, as amended by the Full Employment and Balanced Growth Act of 1978—the “Humphrey-Hawkins Act,” requires the Federal Reserve to present semi-annual reports and testimony to Congress. Each report—called the Monetary Policy Report—contains discussions of the conduct of monetary policy and economic developments and prospects for the future. Monetary Reports include: • Statement on longer-fund goals and monetary policy strategy. • Recent economic and financial developments (domestic, financial, international). • Monetary policy discussion. • Summary of FOMC member economic projections. • Special topics. Subsequent amendments to the Federal Reserve Act mandated congressional testimony in connection with the submission of these reports. ___________________________________ Hearing page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=412587