Kevin Brady actually said...

"The answer is yes, and your question, in some regards, addresses Mrs. Maloney's question, which is under a single mandate, focused on the purchase power of the dollar, could the Fed intervene in times..."

"Unfortunately, both Republican and Democrat Administrations related to the Fed have used that, in effect, to circumvent the power of Congress."

"Congress holds the constitutional responsibility for monetary policy."

"I think the legislation to change the dual mandate and focus on price stability, which is in Congressman Brady's bill, and also in Congressman Pence's bill, would help in this regard."