Congressional GOP Turns Up Scrutiny of Fed as Inflation Persists

March 3, 2025, 11:19 PM UTC

Congressional Republicans are ramping up scrutiny of the Federal Reserve, just as the central bank confronts stubborn inflation and broader questions about its role as a bank regulator.

The opening act in the new effort will come Tuesday at the first hearing of a freshly formed House task force that will home in on the Fed. It falls the same day President Donald Trump will address Congress amid a barrage of directives expanding his authority over independent government agencies.

“We needed a particular special focus in using the task force route to look at the Federal Reserve system, literally from ...

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