Representative French Hill, the new House Financial Services Committee Chairman, has announced a new entity: the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force.
Representative Frank Lucas (OK-03) will lead the new Task Force.
Hill said the reason for the Task Force was because they have “witnessed too many distracting ‘mandates’ diluting the Federal Reserve’s core mission of price stability.”
“The pernicious combination of record inflation and the Biden-Harris spending spree are threatening our families’ prosperity, the status of the U.S. dollar as the globe’s reserve currency, and the conduct of monetary policy.”
Lucas said the Task Force will conduct hearings on monetary policy and the role of the Fed while examining the impact of fiscal and monetary policy on debt markets.
The members of the Task Force are as follows:
- Chair Frank Lucas (OK-03)
- Rep. Bill Huizenga (MI-04)
- Rep. Andy Barr (KY-06)
- Rep. Marlin Stutzman (IN-03)
- Rep. Scott Fitzgerald (WI-05)
- Rep. Mike Flood (NE-01)
- Rep. Monica De La Cruz (TX-15)
- Rep. Troy Downing (MT-02)