Rep. French Hill: Price stability should be the sole mandate of the Fed

Monetary Policy & Interest Rates - The market anticipates a potential rate cut, influenced by positive economic indicators such as solid growth, good labor market conditions, and receding inflation [4][5] - The Fed is closely monitoring data and considering potential tariff impacts on inflation before making decisions on rate cuts [7][8] - Some voting governors are supportive of a rate cut [5] - The President has expressed a desire for rate cuts of 200 to 300 basis points [5] Fed's Mandate & Focus - There is a perspective that the Fed's primary mandate should be price stability, with less emphasis on full employment, as fiscal policy has a greater impact on employment [9][12][13] - Consistency in the Fed's communication and policy is urged, particularly regarding fiscal policy and its impact on inflation [15][16][17] Treasury Market Resilience - A task force is evaluating Treasury market resilience in the face of large budget deficits [19] - The Fed is considering waiving the supplemental leverage ratio to provide more liquidity to the Treasury market [20] - Clearing treasury trades, as agreed by the former SEC chair, is expected to enhance market resilience [21]