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FEDERALhearing transcript
High Impact

Federal Reserve Monetary Policy Hearing (July 2015)

Original title: MONETARY POLICY AND THE STATE OF THE ECONOMY

January 1, 2016

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The Frame

What this does

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 is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

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.

What changed

Last recorded activity January 1, 2016.

What's next

Next step not available in the current record.

Summary

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.

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.
  • 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

What is the purpose of this hearing?
The hearing is a semiannual requirement for the Federal Reserve Chair to report to Congress on the state of the economy and the Fed's .
Who testified at this hearing?
Janet L. Yellen, the Chair of the Board of Governors of the Federal Reserve System, was the primary witness.

Why It Matters

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.

News Coverage

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Sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

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

personJeb HensarlingChairman of the House Committee on Financial Services.Map →
personJanet L. YellenChair of the Board of Governors of the Federal Reserve System and primary witnesMap →
organizationFederal Reserve SystemThe central bank of the United States.Map →
personMaxine WatersRanking Member of the House Committee on Financial Services.Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance80
    How much this matters to a regular citizen
  • Controversy40
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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