Lubbock Times

House Budget Committee Chairman Jodey Arrington (R-TX) released a statement following a meeting with Federal Reserve Chair Jerome Powell, emphasizing the importance of sound monetary policy. Arrington stated, "House Budget Committee members understand that our nation’s fiscal health is a combination of a strong balance sheet and a growing economy. We had a wide-ranging, substantive discussion with Chairman Powell about how monetary policy has contributed to our country’s current indebtedness, its implications on inflation and our ability to avoid a recession, and lessons learned from over the years."

The House Budget Committee has been at the forefront of fiscal reform during the 118th Congress, working on strategies to address the unsustainable fiscal path. House Republicans have put forward a blueprint that aims to balance the budget in the next decade, offering a vision for a more prosperous future.

The meeting between the House Budget Committee Republicans and Federal Reserve Chair Jerome Powell signifies a collaborative effort to address economic challenges and ensure a stable financial environment. The discussion focused on the impact of monetary policy on the national debt, inflation rates, and the overall economic stability of the country.

The engagement between the Committee members and Chairman Powell highlights a commitment to understanding and addressing the complexities of fiscal and monetary policies. As both entities work towards a common goal of financial resilience, discussions like these play a crucial role in shaping the economic landscape for the future.