The civic record
Read. Follow. Verify.Senate Hearing on Federal Reserve Board Nominations
Record date · January 1, 2018
Track this bill to get notified when it advances a stage. One tap to stop, anytime.
What This Bill Does
The Senate Committee on Banking, Housing, and Urban Affairs held a hearing on May 15, 2018, to consider the s of Richard Clarida and Michelle W. Bowman to the . The hearing included opening statements, nominee introductions, and the submission of biographical and background materials for the record.
This hearing represents the formal vetting process for two individuals nominated to lead the Federal Reserve, the institution responsible for setting U.S. monetary policy and overseeing the nation's banking 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.
Richard Clarida
The nominee is undergoing the Senate confirmation process for a position on the Federal Reserve Board.
Michelle W. Bowman
The nominee is undergoing the Senate confirmation process for a position on the Federal Reserve Board.
Key Facts
- The hearing took place on May 15, 2018, in the Dirksen Senate Office Building.
- Richard Clarida was nominated to be a Member and Vice Chairman of the Board of Governors of the Federal Reserve System.
- Michelle W. Bowman was nominated to be a Member of the Board of Governors of the Federal Reserve System.
- Richard Clarida previously served as Assistant Secretary of the Treasury for Economic Policy (2002-2003) and as a senior staff economist with the Council of Economic Advisers (1986-1987).
Show all 8 facts
- At the time of the hearing, Richard Clarida served as managing director and global strategic advisor at PIMCO.
- The record includes responses to written questions from several Senators, including Senators Brown, Reed, Menendez, Warner, Warren, and Cortez Masto.
- The record includes a list of Federal Reserve enforcement actions from January 2015 to May 2018.
- The record includes letters of support for the nominees from various organizations, including the ICBA.
Frequently Asked Questions
What is the purpose of this hearing?
Who oversees the Federal Reserve nominations?
What else do you want to know?
News Coverage
Follow the record
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.
Historical Enforcement Data
The hearing record includes a specific list of Federal Reserve enforcement actions from 2015-2018, providing transparency into the regulatory environment at the time.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance60How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
Publisher tools