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Published on May 11, 2011
This hearing of the Domestic Monetary Policy Subcommittee examined the fundamental role that federal government debt plays in the monetary system of the United States. It discussed the relationship between the U.S. Treasury, the Federal Reserve System, and the primary dealers in issuing and purchasing Treasury securities. The hearing also examined the role of U.S. Treasury securities in conducting monetary policy.
The hearing was held on Wednesday, May 11, 2011, at 10 a.m. in Room 2128 of the Rayburn House Office Building and was titled, "Monetary Policy and the Debt Ceiling: Examining the Relationship between the Federal Reserve and Government Debt."
Witness: § Bert Ely, Principal, Ely & Co
§ Richard Ebeling, Ph.D., Professor of Economics, Northwood University
§ Matthew J. Slaughter, Ph.D., Dean, Tuck School of Business, Dartmouth College