REP. HILL: AMERICANS ARE "HOSTAGES TO THE DAILY THEFT OF BIDEN'S INFLATION"

Press Release

Today, Rep. French Hill (AR-02) spoke on the House Floor in opposition to House Democrats' bill expanding the Federal Reserve's mandate to address socio-economic disparities. Inflation is at a 40-year high and Rep. Hill offered an amendment to focus the Federal Reserve solely on fighting inflation.

Topline Quotes:

"Instead of working with Republicans on policies that could see bipartisan support in the House, Democrats put together a partisan package of bills that politicize our central bank and does nothing to address the inflation that's hurting American families and workers."

"At a time when our central bank has failed to carry out its current mandate to contain inflation, Democrats want the Fed to not only be a climate regulator, but to end racial inequity too."

"Expanding the Fed's mandate to address socio-economic disparities would further inject uncertainty and risk into the Fed's monetary policy and politicize our historically independent central bank."

"House Republicans believe Congress should return to pre-pandemic debates on spending priorities, abandon economic pop science fads like Modern Monetary Theory, and urge the Federal Reserve to focus on its core mission -- sound money and price stability."

Source