U.S. Congressman Marlin Stutzman, a member of the House Financial Services Committee and author of legislation to end the Federal Reserve’s Dual Mandate, issued the following statement regarding the Senate’s confirmation of Janet Yellen as Federal Reserve Chair.
“While I congratulate Ms. Yellen on her confirmation, I also invite her to work with Congress on solutions that restore confidence and encourage economic growth through predictable, rules-based monetary policy,” Stutzman said. “Printing money won’t create the jobs Americans need, no matter who chairs the Federal Reserve.”
As a part of its “Federal Reserve Centennial Oversight Project,” the Financial Services Committee will hold an aggressive series of hearings on the Fed this year.
Congressman Stutzman is the author of H.R. 492, legislation to end the Federal Reserve’s “dual mandate” and force the Federal Reserve to pursue sound monetary policy.