REP. LUCAS HOSTS HOUSE FINANCIAL SERVICES TASK FORCE FIELD HEARING IN OKC

The following information was released by the office of Oklahoma Rep. Frank Lucas:

The hearing focused on the structure of the Federal Reserve System

Oklahoma City, OK Recently,Representative Frank D. Lucas (OK-03), Chairman of the House Financial ServicesTask Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity,hosted a field hearing in Oklahoma City discussing the importance of the federated structure of the Federal Reserve systemwith the Reserve Banks providinggeographic and industrial expertise.

"It was a great day in Oklahoma City hosting several respected witnesses and hearing their perspective on the importance of our Federal Reservestructure,"said Representative Lucas."Theprivate-public partnership Reserve Banks have with our central bankserves as a check against the federal government dominating our monetary system.Our nation has many differing viewpoints, and our central bank is at its best when it reflects a comprehensive perspective ofeconomic conditions. I thank the witnesses and my fellow colleagues for their time in my home state, and I look forward to continuing this discussion during this critical time."

The witnesses included:'

Mr. Thomas Hoenig Distinguished Senior Fellow, Mercatus Center at George Mason University

Ms. Ester George Former President and CEO, Federal Reserve Bank of Kansas City

Mr. Gary Kelly Deputy Chair, Board of Directors, Federal Reserve Bank of Dallas

Mr. Benjamin Keen Associate Professor of Economics, University of Oklahoma

Clickhereto watch Rep. Lucas's opening remarks.

Clickhereto watch the Federal Reserve's impact on agriculture economy in the heartland.

Clickhereto watch the Beige Book's impact on bringing regional perspectives to the Federal Reserve.

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