Press Releases

Today, after Federal Reserve Chair Janet Yellen finished her semiannual testimony in front of the House Financial Services Committee (Wednesday) and the Senate Banking Committee, Congressman French Hill (AR-02) released the following statement:

“After seven years of near-zero interest rates, we are still amidst the worst economic recovery since World War II, the labor participation rate is historically low, wages are stagnant, and Chair Yellen comes to Congress and offers no constructive advice on how to resolve these problems. Congress and the Committee expect her testimony to be lined with policy solutions, not vague talk about ‘economic headwinds.’ I expect the Chair of our Federal Reserve to offer specific suggestions about reversing non-monetary policy structural impediments to faster economic growth. I welcome her specific views on expanding investment and credit by reducing poorly crafted federal intrusion in commerce, health, and capital markets; removing barriers to access for credit by consumers and on businesses; and, pro-growth tax reforms in the country’s long-term interest.”

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