Fed to Come Under ‘Rigorous’ House Scrutiny, Hensarling Says
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Representative Jeb Hensarling, chairman of the U.S. House committee that oversees the Federal Reserve, said he plans to subject the Fed to unprecedented scrutiny while considering legislation over the coming year that may focus on its structure, mandates and powers.
“It will be the most rigorous examination and oversight of the Federal Reserve in its history,” Hensarling, a Republican from Texas and Financial Services Committee chairman, said today to reporters, referring to a series of hearings scheduled to start tomorrow. “We will be studying the history, purposes and policies of the Fed.”