Federal Reserve Accountability and the CHOICE Act

Financial Services & E-Commerce Practice Group

To whom is the Federal Reserve accountable?  Does the Fed's insistence on its "independence" mean it thinks the answer is: To no one?  Who should oversee the results, successful or unsuccessful, of the Fed's actions?  One answer was given by a former president of the New York Fed years ago: "The Congress which set us up has the authority and should review our actions at any time they want to, and in any way they want to."  The CHOICE Act, recently passed by the House Financial Services Committee would in its Title X., "Fed Oversight Reform," create greater Fed accountability to the Congress.  A Federalist Society teleforum will explore the bill's provisions and the issues involved.

Featuring: 

• Alex Pollock, Senior Fellow, R Street Institute
• Norbert Michel, Senior Research Fellow, Financial Regulations and Monetary Policy, The Heritage Foundation

To whom is the Federal Reserve accountable?  Does the Fed's insistence on its "independence" mean it thinks the answer is: To no one?  Who should oversee the results, successful or unsuccessful, of the Fed's actions?  One answer was given by a former president of the New York Fed years ago: "The Congress which set us up has the authority and should review our actions at any time they want to, and in any way they want to."  The CHOICE Act, recently passed by the House Financial Services Committee would in its Title X., "Fed Oversight Reform," create greater Fed accountability to the Congress.  A Federalist Society teleforum will explore the bill's provisions and the issues involved.

Featuring: 

• Alex Pollock, Senior Fellow, R Street Institute
• Norbert Michel, Senior Research Fellow, Financial Regulations and Monetary Policy, The Heritage Foundation

Call begins at 1:00 p.m. Eastern Time.

Teleforum calls are open to all dues paying members of the Federalist Society. To become a member, sign up here. As a member, you should receive email announcements of upcoming Teleforum calls which contain the conference call phone number. If you are not receiving those email announcements, please contact us at 202-822-8138.