House Committee Strips Fed’s Job Mandate To Focus Solely On Inflation Control
May 16, 2026
The House Committee on Financial Services advanced a legislative package Thursday consisting of six individual bills designed to fundamentally alter federal financial regulation and central bank policy. The markup sessions, which began on Wednesday, resulted in the passage of H.R. 5396, a bill that
eliminates the Federal Reserve’s long-standing dual mandate. Historically, the central bank […]
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