News In Brief

House Budget Committee’s plan for the Federal Reserve

Kai Ryssdal Jan 6, 2011

This final note today, by way of setting up some news from tomorrow. Fed Chairman Ben Bernanke’s going to be making his first appearances before the 112th Congress. It’s his first session since the Fed started buying Treasury bills — quantitative easing’s the catchphrase.

Paul Ryan, the new head of the House Budget Committee, has some changes in mind for the Fed. Ryan said today he’s going to introduce a bill to get rid of what’s known as the Fed’s dual mandate, the current requirement that the central bank control inflation and maintain full employment. Just inflation-fighting from now on is what Ryan wants.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.