The civic record
Read. Follow. Verify.Federal Reserve Chair Testimony on the Economy (July 2017)
Record date · January 1, 2018
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What This Bill Does
This document is a transcript of a July 12, 2017, House Financial Services Committee hearing featuring testimony from Federal Reserve Chair Janet Yellen. The hearing focused on the semi-annual review of and the current state of the U.S. economy.
The hearing provides the official record of the Federal Reserve's assessment of economic conditions, including unemployment and inflation, which informs national interest rate policies and financial regulations affecting all Americans.
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 Board of Governors
The Chair is required to provide semi-annual testimony to Congress regarding policy decisions.
House Committee on Financial Services
The committee members conduct oversight of the Federal Reserve's monetary policy.
Key Facts
- The hearing was held on July 12, 2017, in the Rayburn House Office Building.
- Janet Yellen provided semi-annual testimony regarding monetary policy and the state of the economy.
- The Federal Reserve submitted the 'Monetary Policy Report' dated July 7, 2017, for the record.
- Written responses to questions from Representatives Beatty, Loudermilk, Ross, Rothfus, Royce, and Tipton were included in the appendix.
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- Chairman Hensarling noted that headline unemployment remained low at the time of the hearing.
- The committee discussed the impact of the Dodd-Frank Act and the Financial CHOICE Act on capital availability.
- The committee discussed the American Health Care Act in the context of economic policy.
Frequently Asked Questions
What is the purpose of this hearing?
Where can I find the full report mentioned in the hearing?
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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.
Legislative focus on deregulation
The hearing transcript highlights a clear push by the committee leadership to replace Dodd-Frank regulations with the Financial CHOICE Act.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance60How much this matters to a regular citizen
- Controversy40Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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