For decades, the Fed has studied the labor market and used its research to make fiscally sound decisions. There are nearly 10,000 documents on the Federal Reserve's website dealing with unemployment. The economic analysis coming from the Fed is valuable and relied on by Wall Street, state and local governments, international economists, and in fact, this very body. But this bill would destroy that infrastructure, stop the research, and weaken our financial system unless we make it clear that the Fed can continue this work. (00:45–00:56)
CLAIM
Asserts that the Federal Reserve's economic analysis is relied upon by Wall Street, state and local governments, international economists, and Congress.
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