The civic record
Read. Follow. Verify.Federal Reserve Monetary Policy Hearing (July 2015)
Record date · January 1, 2016
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What This Bill Does
This document is the transcript of a July 15, 2015, House Financial Services Committee hearing featuring testimony from Federal Reserve Chair Janet Yellen. The hearing focused on the state of the U.S. economy and the Federal Reserve's decisions.
The hearing provides insight into the Federal Reserve's economic outlook and regulatory role, which directly influences national interest rates, inflation, and the oversight of the U.S. financial system.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Federal Reserve
The agency is required to provide semiannual testimony and reports to Congress regarding its monetary policy.
U.S. Financial Institutions
These entities are subject to the regulatory oversight and monetary policies discussed by the committee.
Key Facts
- The hearing was held on July 15, 2015, by the House Committee on Financial Services.
- Janet Yellen, Chair of the Federal Reserve, provided semiannual testimony on monetary policy.
- The committee discussed the 5th anniversary of the Dodd-Frank Act.
- The hearing included the submission of the Federal Reserve's Monetary Policy Report to Congress.
Show all 6 facts
- Multiple members of Congress submitted written questions for the record to Chair Yellen.
- The committee reviewed charts regarding GDP growth and post-Wall Street reform progress.
Frequently Asked Questions
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News Coverage
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Votes, people, money & the original sourceFull breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Dodd-Frank Oversight
The hearing highlights a specific focus on the 5th anniversary of the Dodd-Frank Act and its expansion of Federal Reserve powers.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance80How much this matters to a regular citizen
- Controversy40Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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