Federal Reserve Racial and Economic Equity Act

Floor Speech

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Mr. DAVIDSON. Mr. Speaker, I rise to oppose this bill. The Fed is not meant to be a political weapon. With inflation above 8 percent and the economy on the verge of a recession, this is one of the most inopportune times in our Nation's history to suggest that we turn the Fed into a political pawn.

Our Nation is suffering from too much government. Inflation is a policy choice, and this delivers more government to an agency that is supposed to be insulated from it.

We know the recipe. We need more freedom, less government, and sound money. This thing distracts the Federal Reserve.

Inflation doesn't care about your race. The price of groceries, the price of healthcare, education, rent, it doesn't care about your race or your gender. We have to stop the politicization of our government agencies as Democrats--really the radical left--stays committed to this long march through our Nation's institutions to try to push an agenda at odds with the American public. If this bill does anything, it highlights that disconnect.

Mr. Speaker, I urge every one of our colleagues to oppose this bill.

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