Rep. Kevin Brady (R-TX), Vice Chairman of the Joint Economic Committee, will convene a hearing at 2:00 p.m. EDT on Tuesday, March 27, 2012 in room 216 in the Hart Senate Office Building. The theme of this hearing will be what monetary policy going forward will ensure "a sound dollar".
"A sound dollar is a necessary prerequisite for maximizing economic growth and employment." Brady said. "It is how we assure that the purchasing power of the dollar remains stable over time."
The Congressman noted that price stability reduces uncertainty and encourages entrepreneurs to make investments in new buildings, equipment and software and hire more workers. "Price stability is especially important for struggling families each time they buy groceries or fill their tanks with gasoline."
"The purpose of this hearing," Brady noted, "will be to explore how the Federal reserve should achieve a sound dollar." The following persons are schedule to testify:
- The Honorable John B. Taylor, Ph.D., Mary and Robert Raymond Professor of Economics, Stanford University; and Former Under Secretary of the Tresury for International Affairs.
- The Honorable Laurence Meyer, Ph.D.,Senior Adviser and Co-founder, Macroeconomic Advisers; Distinguished Scholar, Center for Strategic and Internaional Studies, Washington, D.C.; and Former Governor of the Federal reserve System.
- The Honorable William Poole, Ph.D., Senior Fellow, Cato Institute, and Former President and Chief Executive Officer of the Federal Reserve Bank of St. Louis.