Hensarling on Nomination of Dino Falaschetti to Serve as Director of OFR

Statement

House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following announcement today congratulating long-time aide and Chief Economist for the Committee, Dr. Dino Falaschetti, on his nomination to serve as Director of the Office of Financial Research (OFR).

"As is the case with most post-crisis creations of President Obama and Washington Democrats, the Office of Financial Research has failed to live up to its purported mission. Plagued by reports of inefficiency, poor morale and fiscal irresponsibility, the OFR is in desperate need of new leadership. Dino's policy leadership on systemic risk and monetary policy, as well as his professional experiences with financial institutions and executive management in economic research, is exactly what OFR needs to realize its vision of "a transparent, efficient, and stable financial system.' While we will miss his knowledge and expertise, I applaud President Trump for this outstanding pick."

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