Less Mandates. More Independence (EventID=118619)

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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/USHouseFSC » Follow us on Twitter: https://x.com/USHouseFSC » Follow us on Instagram: https://www.instagram.com/ushousefsc/ » Follow us on Bluesky: https://bsky.app/profile/ushousefsc.bsky.social ___________________________________ » Subscribe: https://www.youtube.com/@USHouseFSC?sub_confirmation=1 ___________________________________ On Wednesday, September 17, 2025, at 2:00 p.m. (ET) Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity Chairman Hill and Ranking Member Waters will host a hearing entitled, “Less Mandates. More Independence." ___________________________________ Witnesses for this one-panel hearing will be: • Dr. Douglas Holtz Eakin, President, American Action Forum • Mr. Alex Pollock, Senior Fellow, Mises Institute • Mr. Curtis Dubay, Chief Economist, U.S. Chamber of Commerce • Mr. Skanda Amarnath, Executive Director, Employ America ___________________________________ This hearing will explore how adding additional goals outside the Federal Reserve’s current mandate hinders its ability to focus on price stability, and the costs associated with failing to achieve its objectives. Additionally, members will review the optimal number of mandates the Federal Reserve should have, such as a single mandate on price stability, the current dual mandate on price stability and maximum employment, or mandates greater than two. Lastly, the hearing will examine how adding more mandates impacts the Federal Reserve’s independence. Legislation Noticed 1. H.R. ____, the Price Stability Act of 2025 (Hill): This bill amends the Federal Reserve Act to remove the mandate on the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to focus on maximum employment. #treasury #wallstreet #federalreserve #securities #liberationday #treasurymarket ___________________________________ Hearing page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=413558