U.S. Department of the Treasury (Treasury) Secretary Janet Yellen addressed the U.S. House Committee on Financial Services during an April 6 hearing, “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System.” Committee members questioned the secretary on rising inflation, the invasion of Ukraine and the sanctions enacted by the U.S on Russia, energy resilience and climate change, international financial systems, and the budget deficit.
Notably absent were questions about Treasury’s response to the pandemic. However, Representative Cindy Axne (D-IA), vice chair of the Subcommittee on Housing, Community Development, and Insurance, did address emergency rental assistance in passing. “I want to start by thanking you so much for helping the great state of Iowa get the funds that we needed transferred from the state to Polk County to keep a roof over people’s head, and for how quickly the Treasury Department responded to the request from me and the state to make that happen,” said Representative Axne. “It’s made a big difference.”
Watch the full hearing here.