Grown-up substantive discussions with the Congress about which theories the Fed is supplying, what the alternatives are, who the winners and losers may be, and what the implications for political economy and political finance are, just as the CHOICE Act suggests, would be a big step forward in the accountability of the Federal Reserve.
Foster advocates for more accountability and discussion regarding the Federal Reserve's theories and policies.
Share
More from Bill Foster
I thank Chair Waters for yielding. Mr. Chair, I rise in opposition to this bill. I am encouraged by the dialogue and collaboration that has taken place between the House Financial Services Committee and the House Ag Committee on this bill…
While the Presidency is often the focus of political pronouncements about macroeconomic conditions, there is no question that it undersells the importance and the independence of the work of the Federal Reserve Board.
If you made it anonymous, you would allow Members to sort of probe support for centrist legislation.
Many of you have mentioned the fact that the U.S. is often a leader in these international discussions.
Other voices in this conversation
