The Federal Reserve’s Semi-Annual Monetary Policy Report (EventID=117512)
Published 2024-07-10
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On Wednesday, July 10, 2024, at 10:00 a.m. (ET) full Committee Chairman McHenry and Ranking Member Waters will host a hearing entitled, “The Federal Reserve’s Semi-Annual Monetary Policy Report."
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Witness for this one-panel hearing will be:
• The Honorable Jerome H. Powell, Chair, Board of Governors of the Federal Reserve System
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The Federal Reserve Act, as amended by the Full Employment and Balanced Growth Act of 1978—the “Humphrey-Hawkins Act,” requires the Federal Reserve to present semi-annual reports and testimony to Congress. Each report—called the Monetary Policy Report—contains discussions of the conduct of monetary policy and economic developments and prospects for the future. Monetary Reports include:
• Statement on longer-fund goals and monetary policy strategy.
• Recent economic and financial developments (domestic, financial, international).
• Monetary policy discussion.
• Summary of FOMC member economic projections.
• Special topics.
Subsequent amendments to the Federal Reserve Act mandated congressional testimony in connection with the submission of these reports.
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Hearing page: democrats-financialservices.house.gov/events/event…