On the recordNovember 18, 2015
I thank the gentleman for yielding. I want to urge all Members of the House to adopt his amendment. With respect to full transcripts of the FOMC meetings, all this is doing is simply codifying a current practice. It is simply to make sure that there is a transparency, at least this level of transparency, that the Fed doesn't backslide. With respect to the dual mandate, the truth is the Fed has many mandates and they all ought to be examined. The Fed has been around for 100 years. It is time to poke under the hood. That is why we are having the Centennial Monetary Commission, and I think it is important that we take a good look to see if, at times, these are working at cross purposes. So I thank the gentleman from Iowa for his leadership. I urge all Members to adopt his amendment.
