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. And my amendment would do just that. Now, I represent the Massachusetts 7th congressional district. That's an institution that boasts many institutions of higher learning, elite institutions of higher learning. (00:55–01:08)
CLAIM
Asserts that the bill in question would destroy the Federal Reserve's infrastructure, stop its research, and weaken the financial system unless amended.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
