House Financial Services Committee Chair McHenry to Chair Powell: Uncertainty From Fed Supervision, Regulation is Last Thing Banking System Needs Now
June 22, 2023
June 22, 2023
WASHINGTON, June 22 -- Rep. Patrick T. McHenry, R-North Carolina, chairman of the House Financial Services Committee, issued the following news release:
The House Financial Services Committee is holding its semi-annual hearing with Federal Reserve Chairman Jerome Powell. In the aftermath of recent bank failures fueled by accelerated interest rate risk, the Fed must avoid pursuing initiatives outside its statutory authority, while redoubling its efforts to stabilize prices and promot . . .
The House Financial Services Committee is holding its semi-annual hearing with Federal Reserve Chairman Jerome Powell. In the aftermath of recent bank failures fueled by accelerated interest rate risk, the Fed must avoid pursuing initiatives outside its statutory authority, while redoubling its efforts to stabilize prices and promot . . .