Financial Services Committee to Hold Hearing on Implications of a Weaker Dollar for Oil Prices and the U.S. Economy
Washington, DC – House Financial Services Committee Chairman Barney Frank (D-MA), today announced that the committee will hold a hearing to examine the impact of a weaker dollar on the U.S. economy, with a particular focus on oil and commodity price inflation. The hearing will also examine the policy implications of a weaker dollar, including the challenges it poses for the conduct of monetary policy in the United States and the importance of other countries’ exchange rate and monetary policies.
