Full Committee Hearing

The Fed’s Big Bank Welfare Program: Oversight of the Fed’s IORB Regime

Date: December 11, 2025
Time: 10:00am
Location: Senate Dirksen Building, SD-342

Witnesses

Panel I

NORBERT J. MICHEL, PH.D.

V.P. and Director Center for Monetary and Financial Alternatives
Cato Institute

Panel I

RYAN YOUNG

Senior Economist
Competitive Enterprise Institute

Panel I

BRIAN S. WESBURY

Chief Economist
First Trust Advisors L.P.

Panel I

DONALD KOHN, PH.D.

Robert V. Roosa Chair in International Economics and Senior Fellow, Economic Studies
Brookings Institution