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Hensarling: Fed needs more accountability, transparency

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Mortgage Professional America | 15 Dec 2016, 12:15 PM Agree 0
While the Fed’s recent decision to hike rates came as no surprise, the chairman of the House Financial Services Committee says the agency needs to be more transparent about its decision-making process
  • NoSpin JustFacts | | 15 Dec 2016, 10:49 PM Agree 0
    I believe Representative Hensarling is making a mistake to ask the Federal Reserve to place stakes in the ground that may need to be adjusted based upon all the various factors impacting the economy. 2 often Washington DC politicians have no concept of the real world as is reflected in the huge deficits and programs that do not have the impact on our society that were allegedly intended.

    The Fed has been transparent in their inflation and unemployment targets. They certainly have learned the unemployment targets are no longer valuable when the Federal Government chases so many jobs away that we now sit an a historically low labor participation rate. Unemployment is no indicator of employment.

    I do not believe Representative Hensarling has provided any evidence of the Federal Reserve's actions being out of the blue causing a shock to our economy.
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