House Financial Services Committee
2128 Rayburn
02/12/2025 at 10:00AM
On Wednesday, February 12, 2025, at 10:00 a.m. EST, the Committee on Financial Services will hold a hearing in Room 2128 of the Rayburn House Office Building titled “The Federal Reserve’s Semi-Annual Monetary Policy Report.”
Witness:
- Jerome H. Powell, Chairman, Board of Governors of the Federal Reserve System
The Federal Reserve Act, as amended by the Full Employment and Balanced Growth Act of 1978 (Humphrey-Hawkins Act), requires the Board of Governors of the Federal Reserve (Federal Reserve) to present semi-annual reports and testimony to Congress. Each report, named the Monetary Policy Report (MPR), contains discussions of the conduct of monetary policy and economic developments and prospects for the future. The MPR includes:
- Statement on longer-fund goals and monetary policy strategy;
- Recent economic and financial developments (domestic, financial, international);
- Monetary policy discussion;
- Summary of Federal Open Market Committee (FOMC) member economic projections; and
- Special topics