In advance of today’s hearing with Federal Reserve Chair Jerome Powell, Chairman Patrick McHenry (NC-10) and Financial Institutions and Monetary Policy Subcommittee Chairman Andy Barr (KY-06), led all Republicans on the House Financial Services Committee in a letter to Fed Chair Powell, Acting Comptroller of the Currency Michael Hsu, and Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg. Republicans are demanding that the regulators withdraw their fatally flawed.
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