Trump Team Broadly Backs Efforts to Rein In Fed, Hensarling Says
- “We share many of the same goals,” key Texas lawmaker says
- Hensarling wants Fed to adopt a monetary policy rule
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
The incoming Trump administration is broadly supportive of congressional-led efforts to restrict the Federal Reserve’s ability to conduct monetary policy, a key lawmaker said.
"We share many of the same goals," House Financial Services Committee Chairman Jeb Hensarling said in a brief interview Wednesday. "But precisely the way the administration might want to go legislatively, detailed conversations have yet to take place."