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FEDERALhearing transcript
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Congressional Hearing on Federal Reserve Reform Proposals

Original title: EXAMINING FEDERAL RESERVE REFORM PROPOSALS

January 1, 2018

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Finance Connection

Notable money activity
$66,000across 7 reported contributions
Trace money trail →
CandidateDonorAmountIndustryDate
FRIENDS OF ANDY BARR COMMITTEECLEMENTI, CHRISTOPHER$17,000CEOMar 2026
FRIENDS OF ANDY BARR COMMITTEECLEMENTI, MICHAEL S$17,000PRESIDENTMar 2026
FRIENDS OF ANDY BARR COMMITTEEPATRICOFF, HAROLD JR.$10,000ATTORNEYMar 2026
FRIENDS OF ANDY BARR COMMITTEEPATRICOFF, NELEA$10,000-Mar 2026
FRIENDS OF ANDY BARR COMMITTEECLEMENTI, JUSTIN$10,000VICE PRESIDENTMar 2026
FRIENDS OF ANDY BARR COMMITTEEABRAMOWITZ, KENNETH$1,000RETIREDMar 2026
FRIENDS OF ANDY BARR COMMITTEEAMERICAN MARITIME OFFICERS VOLUNTARY POLITICAL ACTION FUND$1,000-Mar 2026

Reported financial relationships and timing signals. This does not prove motive or influence. Readers draw their own conclusions.

The Frame

What this does

This hearing serves as a formal legislative step to evaluate changes to how the Federal Reserve conducts and communicates , which directly influences national interest rates, credit availability, and economic growth.

Who is mentioned in the record

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

Federal Reserve

The institution is the subject of proposed reforms regarding its communication and policy-making processes.

U.S. Economy

Changes to monetary policy communication are intended to influence economic growth and credit availability for the general public.

What changed

Last recorded activity January 1, 2018.

What's next

Next step not available in the current record.

Summary

The House on and Trade held a hearing on November 7, 2017, to discuss potential reforms to the Federal Reserve. The discussion focused on how clearer communication and policy transparency can reduce economic uncertainty and support growth.

Key Facts

  • The hearing took place on November 7, 2017, in the Rayburn House Office Building.
  • The hearing was titled 'Examining Federal Reserve Reform Proposals'.
  • The subcommittee discussed the impact of monetary policy communication on economic growth and credit availability.
  • Four expert witnesses provided testimony: Jared Bernstein, Andrew T. Levin, Mickey Levy, and Charles I. Plosser.
  • The Chairman stated that the goal of the hearing was to consider legislation aimed at improving the clarity of Federal Reserve policy communications.
  • Members of the subcommittee were granted 5 legislative days to submit extraneous materials for the official record.

Frequently Asked Questions

What was the purpose of this hearing?
The hearing was held to examine proposals for reforming the Federal Reserve, specifically focusing on how the institution communicates its .
Who testified at the hearing?
The witnesses included Jared Bernstein (Center on Budget and Policy Priorities), Andrew T. Levin (Dartmouth College), Mickey Levy (Berenberg Capital Markets), and Charles I. Plosser (Hoover Institution).

Why It Matters

This hearing serves as a formal legislative step to evaluate changes to how the Federal Reserve conducts and communicates , which directly influences national interest rates, credit availability, and economic growth.

News Coverage

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Sponsors

Discoveries

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

policy shift90% confidence

Focus on Communication

The hearing highlights a specific legislative interest in mandating clearer communication from the Federal Reserve to reduce market uncertainty.

Connected Entities

personJared BernsteinWitness, Senior Fellow at the Center on Budget and Policy PrioritiesMap →
personCharles I. PlosserWitness, Visiting Fellow at the Hoover InstitutionMap →
personAndy BarrChairman of the Subcommittee on Monetary Policy and TradeMap →
organizationSubcommittee on Monetary Policy and TradeThe body conducting the hearingMap →
personAndrew T. LevinWitness, Professor of Economics at Dartmouth CollegeMap →
personMickey LevyWitness, Managing Director and Chief Economist at Berenberg Capital MarketsMap →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance60
    How much this matters to a regular citizen
  • Controversy20
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz15
    Current news / social attention level

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