Congressman Patrick McHenry

February 16, 2020

Congressman McHenry Weekly Update

Fed Chairman Hearing

This week, the House Committee on Financial Services held its semi-annual hearing with the Chairman of the Board of Governors of the Federal Reserve System, Jerome Powell, on monetary policy and the state of the economy. During the hearing I led my fellow Republican Members in highlighting the regulatory rightsizing championed by Congressional Republicans, the Trump Administration, and implemented by the Fed over the past year, which has played an important role in creating the best U.S. economy in modern history. Click here or on the image below to watch my opening remarks during last week's hearing.

Our Economy is Strong

During the State of the Union, President Trump highlighted our booming economy and how tax relief and trade deals like the USMCA are helping it continue to grow. The January jobs report is more proof of this good news. Not only were 225,000 new jobs added this month, January marked the 112th straight month of growth for the U.S. economy. Click here or on the image below to watch this video from the U.S. Department of the Treasury to learn more about this good news.

The January jobs report is also proof that President Trump is fulfilling his promise to the American people to keep our economy strong. Watch this video to find out how by clicking here or on the image below.

Talking Bitcoin With Rep. Crenshaw

I had a great time as a guest on Representative Dan Crenshaw’s recently launched podcast Hold These Truths. We had the chance to talk about bitcoin and how cryptocurrencies could impact our day-to-day lives, including helping us get to work on time. Click here to listen to our conversation and be sure to subscribe to Hold These Truths to hear more from Rep. Crenshaw and his guests.


	What I Have Been Reading
	Justice Department indicts four members of China's military for Equifax hack CNBC The 2017 Equifax breach jeopardized nearly 150 million Americans’ most sensitive and personal information. It was clear from the start that the bad actors behind this hack were dead set on causing harm to American consumers. The evidence in the indictment now shows the hack was a coordinated attempt by a foreign adversary to compromise and amass our personal data. Republicans will continue to offer proposals to not only safeguard our crucial credit reporting system, but to combat an aggressive China.

WASHINGTON, D.C. OFFICE
2004 Rayburn HOB
Washington, D.C. 20515
Telephone: 202.225.2576
Fax: 202.225.0316

GASTONIA DISTRICT OFFICE
Suite 115
Gaston Co. Administrative Bldg
128 West Main Avenue
Gastonia, NC 28053
Telephone: 704.833.0096

HICKORY DISTRICT OFFICE
1990 Main Ave. SE, PO Box 1830
Hickory, NC 28603
Telephone: 828.327.6100
Toll-Free in NC: 800.477.2576
Fax: 828.327.8311

BLACK MTN. DISTRICT OFFICE
160 Midland Avenue
Black Mountain, NC 28711
Telephone: 828.669.0600

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