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Forbes Breaking News

Clad has been grading Forbes Breaking News segments since Jun 2026 — 448 reports so far, published several times a week. Its most-covered subjects on Clad: Congress, Iran, Trump. Every report checks the segment's load-bearing claims against primary sources, then scores the coverage for factual accuracy, political lean, and how the public received it — so you can see how Forbes Breaking News's reporting holds up story by story, not just take its word for it.

Forbes Breaking News's average grade, average political lean & social sentiment across all 448 reports unlock with a free CladFacts account — no card required.

Reports

Video: Grassley Urges Year-Round E15 Sales to Aid Farmers and Economy

Grassley Urges Year-Round E15 Sales to Aid Farmers and Economy

Jun 16, 2026

Senator Chuck Grassley delivers floor remarks advocating permanent year-round nationwide sales of E15 ethanol blend. He highlights challenges in the grain farming sector, including low prices, and positions E15 expansion as a marketplace solution to increase corn demand and support rural jobs. Grassley details projected economic gains, environmental and national security advantages, and the need to attach the measure to must-pass legislation amid limited Senate session time and shutdown risks. The segment consists of Grassley's speech with minimal additional commentary or guests.

Source: Forbes Breaking News

Video: Thune Accuses Democrats of Shutdowns for Midterm Political Gain

Thune Accuses Democrats of Shutdowns for Midterm Political Gain

Jun 16, 2026

The broadcast is a Senate floor speech by Majority Leader John Thune criticizing Democrats for rejecting border and ICE funding reforms and causing multiple government shutdowns to improve their 2026 midterm prospects. Thune cites Schumer quotes on strategic decisions and "every day gets better for us," details impacts on airports, TSA workers, national security, and federal employees, and contrasts this with House Democrats' reported priorities like election law changes over affordability. The second paragraph covers sourcing via direct Senate remarks, referenced news articles on Democratic strategy, and contrasts with claimed Democratic messaging on helping workers.

Source: Forbes Breaking News

Video: Trump Holds Press Conference on Iran Peace Deal and Strait Reopening

Trump Holds Press Conference on Iran Peace Deal and Strait Reopening

Jun 16, 2026

The segment shows President Trump speaking alongside a Middle Eastern leader after signing or finalizing an interim peace agreement with Iran. He highlights the deal's prohibition on Iranian nuclear weapons, reopening of the Strait of Hormuz on a toll-free basis, falling oil prices, rising stock markets, and massive U.S. investment inflows. Reporters ask about the document text, Abraham Accords expansion, congressional review, enriched uranium disposal, and related topics. Trump responds directly and fields questions on sanctions, future fights at the White House, and a Versailles dinner.

Source: Forbes Breaking News

Video: Forbes Footage Shows Trump at G7 Leaders Photo and Working Session

Forbes Footage Shows Trump at G7 Leaders Photo and Working Session

Jun 16, 2026

The video consists of live audio and visuals from the G7 summit in Évian-les-Bains, France, showing President Trump greeting leaders, posing for the official group photo, and transitioning to a working session. Background chatter includes photo instructions and brief pleasantries. The clip ends with an announcement of a new session on partnerships. The sourcing is direct footage from the event site. No named experts, graphics, or additional analysis appear; the throughline is straightforward documentation of Trump's participation alongside other G7 leaders and guests.

Source: Forbes Breaking News

Video: Forbes Replays Trump's June 2015 Presidential Announcement Speech

Forbes Replays Trump's June 2015 Presidential Announcement Speech

Jun 16, 2026

The Forbes Breaking News video is an unedited replay of Donald Trump's June 16, 2015, speech at Trump Tower announcing his Republican presidential candidacy. It covers his critiques of U.S. trade deals, border security, Obamacare, foreign policy in Iraq and Iran, and economic statistics, culminating in his pledge to 'make America great again.' The sourcing is the candidate's own remarks with no additional narration, guests or graphics; the broadcast runs the complete speech as a historical flashback on its anniversary.

Source: Forbes Breaking News

Video: Expert Analyzes Details of Reported US-Iran Peace Deal After 108-Day War

Expert Analyzes Details of Reported US-Iran Peace Deal After 108-Day War

Jun 16, 2026

Forbes Breaking News segment features CFR senior fellow Stephen Cook discussing a reported US-Iran memorandum of understanding after 108 days of conflict under Operation Epic Fury. Trump announced the deal on Truth Social, with a formal signing expected Friday; details include a 60-day period lifting blockades on the Strait of Hormuz, technical committees for nuclear talks, and an Iranian oil export sanctions waiver. Cook notes Iranian indications of possible future levies on shipping and highlights resumption of nuclear talks from a pre-war baseline. The discussion covers Netanyahu distancing Israel, lack of provisions on proxies or missiles, potential oil price impacts, and roles of Gulf allies. Sourcing draws from public statements, Iranian indications, and expert synthesis amid speculation and disinformation.

Source: Forbes Breaking News

Video: House Hearing Scrutinizes NLRB Approach to Student Athletes and Contractors

House Hearing Scrutinizes NLRB Approach to Student Athletes and Contractors

Jun 16, 2026

The segment shows Rep. Burgess Owens questioning NLRB witnesses Ms. Carey and Ms. Murphy during a House subcommittee hearing. Topics include alleged Biden-era NLRB efforts to reclassify independent contractors, blocking of decertification petitions, the Atlanta Opera decision, and classification of college athletes as employees under the NLRA. Witnesses describe prioritizing blocking charge cases, note ongoing tension with DC Circuit precedent on contractors, and explain the NLRB's limited jurisdiction over private institutions only, suggesting possible congressional action for uniformity on athlete compensation.

Source: Forbes Breaking News

Video: Forbes clip shows G7 greetings ahead of Trump-Zelensky Ukraine session

Forbes clip shows G7 greetings ahead of Trump-Zelensky Ukraine session

Jun 16, 2026

The Forbes Breaking News video captures audio and visual footage of world leaders, including President Trump and Ukrainian President Zelensky, exchanging greetings and small talk as they gather for a working session at the G7 summit in Évian-les-Bains, France. Segments focus on arrivals and pre-meeting interactions among G7 participants and invited guests. The clip relies on live event footage rather than named commentators, expert analysis, or on-screen graphics; no extended discussion or policy details are audible in the transcript.

Source: Forbes Breaking News

Video: Vance Denies Immediate Iran Asset Unfreeze in New MOU

Vance Denies Immediate Iran Asset Unfreeze in New MOU

Jun 16, 2026

The segment features Vice President JD Vance interviewed by Jake Tapper on CNN, addressing questions about a recently signed US-Iran memorandum of understanding. Vance denies reports of immediate unfreezing of billions in Iranian assets or sanctions relief, clarifies that benefits are contingent on compliance with obligations over a 60-day period, and discusses the Strait of Hormuz, Iran's military and economic position, and two pathways forward for Tehran.

Source: Forbes Breaking News

Video: Forest Service Chief Addresses Firefighter Protections, Staffing in House Hearing

Forest Service Chief Addresses Firefighter Protections, Staffing in House Hearing

Jun 16, 2026

The segment shows Rep. Maxine Dexter (D-OR) questioning Forest Service Chief Tom Schultz during a House Natural Resources Committee budget hearing. She follows up on prior discussion of respiratory protection, asks about N95 masks and other health measures, and raises concerns over MREs, PFAS in gear, staffing cuts, research station moves in Oregon, and political advisers with ties to Under Secretary Boren. Chief Schultz confirms N95 availability and ongoing work with OSHA/DOI on respirators, notes voluntary deferred resignations of about 6,500 staff returning levels to 2017-2018, clarifies Portland office closure without forced Fort Collins relocations or RIFs, and identifies three political advisers with some Boren connections while defending their roles.

Source: Forbes Breaking News

Video: House Ways and Means Hearing Examines Crypto Tax Clarity Proposals

House Ways and Means Hearing Examines Crypto Tax Clarity Proposals

Jun 16, 2026

The segment covers a June 9, 2026 House Ways and Means Committee legislative hearing chaired by Rep. Jason Smith on digital asset tax reforms. It features Smith's opening statement and Q&A with witnesses from Coinbase, Kraken, and tax experts discussing ownership demographics, stablecoins, de minimis rules, staking/mining rewards, and reporting burdens. Witnesses cite Coinbase Institute data on American ownership, a Kraken survey on tax confusion, and examples of IRS Form 1099-DA filings. The discussion focuses on proposed bills addressing timing of income recognition, transaction fee exemptions, charitable giving valuations, and parity with traditional assets. Sourcing relies on named witnesses and referenced surveys rather than anonymous officials.

Source: Forbes Breaking News

Video: Hayes Questions NLRB on Backlog, Funding Cuts, and Captive Audience Meetings

Hayes Questions NLRB on Backlog, Funding Cuts, and Captive Audience Meetings

Jun 16, 2026

The clip shows Rep. Jahana Hayes (D-CT) questioning NLRB officials during a House hearing on agency operations. She highlights a backlog exceeding 3,500 cases, regional office staffing below 75% of needs, and a proposed Trump administration $14 million (3%) FY27 funding cut. Hayes references the NLRB's 2024 Amazon captive-audience ruling and Connecticut's 2022 law banning mandatory meetings on political or religious topics, upheld by a federal court. Officials confirm insufficient current staffing to clear the backlog and acknowledge instances of employer conduct exceeding free speech under the NLRA. The second part covers sourcing from named NLRB witnesses (Ms. Casey, Mr. Murphy) and Hayes' closing emphasis on worker choice free from intimidation.

Source: Forbes Breaking News

Video: Rep. Maloy Questions Forest Service Chief on State Cooperation, Fuels Work in Utah

Rep. Maloy Questions Forest Service Chief on State Cooperation, Fuels Work in Utah

Jun 16, 2026

The segment shows Rep. Celeste Maloy (R-UT) questioning Forest Service Chief Tom Schultz during a House hearing. She praises the agency's Salt Lake City headquarters move and state-based model, credits personnel for local problem-solving in Garfield County, highlights Utah's severe drought and wildfire risks, and inquires about hazardous fuels treatments and shared stewardship agreements. Maloy also asks how Congress can ease Good Neighbor Authority use, including for road construction via FOFA, and addresses delays from new USDA grant terms.

Source: Forbes Breaking News

Video: Neal Questions Crypto Staking Tax Deferral Impact on Traditional Investments

Neal Questions Crypto Staking Tax Deferral Impact on Traditional Investments

Jun 16, 2026

The Forbes Breaking News clip shows Rep. Richard Neal (D-MA), ranking member of the House Ways and Means Committee, questioning witness Mr. Ketcher during the June 9, 2026 hearing on digital asset taxation. Neal and the witness discuss how deferring income recognition on crypto staking rewards could create tax advantages over bank accounts, stocks, and bonds. They highlight risks of shifting savings away from traditional instruments and urge caution regarding retirement accounts. The segment draws directly from committee testimony without additional reporting or guests.

Source: Forbes Breaking News

Video: Pallone Questions Witness on Fuel Price Impacts Amid Iran Conflict

Pallone Questions Witness on Fuel Price Impacts Amid Iran Conflict

Jun 16, 2026

The segment shows Rep. Frank Pallone questioning witness Ms. Garcia during a House Energy and Commerce Committee hearing on energy-related bills. Pallone asks about the effects of higher fuel prices and how clean vehicle standards could reduce costs for Americans. Garcia links gasoline and diesel price surges since February to President Trump's Iran conflict, citing national averages exceeding $4.26/gallon for gas and $5.41 for diesel, along with broader economic impacts on goods, transportation, and household expenses. She criticizes rollbacks of CAFE and clean vehicle standards and highlights savings from EVs and plug-in hybrids.

Source: Forbes Breaking News

Video: Ilhan Omar criticizes GOP bills on rural healthcare worker classification and Medicaid funding

Ilhan Omar criticizes GOP bills on rural healthcare worker classification and Medicaid funding

Jun 16, 2026

The segment features Rep. Ilhan Omar's opening statement at a June 9, 2026, House Workforce Protections Subcommittee hearing on locum tenens providers and rural healthcare access. She argues that HR 8347 would misclassify healthcare workers as independent contractors, eroding protections, and criticizes HR 1 for large cuts harming rural hospitals.

Source: Forbes Breaking News

Video: Suozzi Questions Experts on Memecoin, Stablecoin, Bitcoin Differences in Tax Hearing

Suozzi Questions Experts on Memecoin, Stablecoin, Bitcoin Differences in Tax Hearing

Jun 16, 2026

The segment shows Rep. Tom Suozzi (D-NY), a Ways and Means Committee member, questioning cryptocurrency experts during a hearing on tax policy. He seeks simple distinctions among memecoins, stablecoins, and Bitcoin, plus views on their economic value, use cases, risks like illicit activity, and broader benefits such as speed and efficiency.

Source: Forbes Breaking News

Video: Neguse Criticizes Proposed Cuts to USFS State, Private, Tribal Forestry Programs

Neguse Criticizes Proposed Cuts to USFS State, Private, Tribal Forestry Programs

Jun 16, 2026

The segment shows Rep. Joe Neguse (D-CO) questioning USFS Chief during a House hearing on hazardous fuels reduction comparisons between 2024 and 2025, pine beetle task force collaboration in Colorado, proposed elimination of the State, Private, and Tribal Forestry program, and potential management shifts at Maroon Bells Scenic Area. The chief acknowledges the fuels drop, commits to state partnerships, notes House budget mark would maintain ~91% funding, and describes ongoing site management collaborations with states, tribes, and others. The second paragraph covers sourcing via direct hearing testimony and graphics-free format with no additional experts or data visuals shown.

Source: Forbes Breaking News

Video: Rep. Summer Lee Questions NLRB Nominees on Agency Independence and Trump Policies

Rep. Summer Lee Questions NLRB Nominees on Agency Independence and Trump Policies

Jun 16, 2026

The clip shows Rep. Summer Lee (D-PA) during a June 2026 House subcommittee hearing questioning NLRB Chairman Scott Murphy and General Counsel nominee on threats to the agency's independence. She criticizes Trump administration actions including removal of member Gwynne Wilcox, Executive Order 14215, and alleged impacts on workers' rights to unionize.

Source: Forbes Breaking News

Video: Doggett Questions Crypto Tax Bills on Advantages, Bailouts, Trump Ties

Doggett Questions Crypto Tax Bills on Advantages, Bailouts, Trump Ties

Jun 16, 2026

The segment shows Rep. Lloyd Doggett (D-TX) questioning an expert witness during a House Ways and Means hearing on cryptocurrency tax legislation. Doggett probes whether mining/staking bills and the Clarity Act provide special tax treatment, enable tax deferral for Trump-linked firms like American Bitcoin, risk future bailouts via retirement accounts, and fail to address illicit finance risks involving entities like Binance and groups such as Hamas and Hezbollah.

Source: Forbes Breaking News

Video: Rep. Sánchez Urges Stricter Anti-Abuse Rules in Digital Asset Tax Bills

Rep. Sánchez Urges Stricter Anti-Abuse Rules in Digital Asset Tax Bills

Jun 16, 2026

The Forbes clip shows Rep. Linda Sánchez speaking at a June 2026 House Ways and Means Committee hearing on digital asset taxation. She criticizes unlimited deferral for newly minted assets from mining and staking, warns of inequities and stepped-up basis loopholes, and calls for stronger anti-abuse measures including wash-sale rules and higher charitable-giving thresholds due to volatility. Sánchez questions witness Michael Kaercher (NYU Tax Law Center) on parity with other industries and references provisions from the bipartisan Digital Asset PARITY Act. The segment uses direct hearing footage with no additional graphics or outside experts.

Source: Forbes Breaking News

Video: Congressional Hearing Examines Wildfire Risks, USFS Staffing Cuts and State Partnerships

Congressional Hearing Examines Wildfire Risks, USFS Staffing Cuts and State Partnerships

Jun 16, 2026

The clip shows Rep. Emily Randall (D-WA) questioning USFS Chief Tom Schultz during a House committee hearing on fire readiness, climate resiliency, low snowpack in the Pacific Northwest, and impacts of recent federal staffing changes and grant terms. Randall highlights third-lowest snowpack, NWS and USFS personnel reductions, lab closures, and hold-ups in Washington state partnerships totaling tens of millions in funding. Schultz responds on drought-driven longer fire seasons, higher fuel densities, and the priority of active forest management including thinning and prescribed fire; he notes nearly 300 agreements signed with Washington despite new terms.

Source: Forbes Breaking News

Video: Forbes interview analyzes tentative Trump-Iran deal, Hormuz reopening, next steps

Forbes interview analyzes tentative Trump-Iran deal, Hormuz reopening, next steps

Jun 16, 2026

The segment features a retired Rear Admiral discussing a tentative US-Iran memorandum of understanding expected to be signed Friday, risks from Iran or Hezbollah disrupting it via Israel, congressional role, and oil market impacts from Strait of Hormuz reopening. It covers mine-clearing operations, shipping routes, and alternative oil flows from Saudi Arabia and UAE. The interview references oil futures tumbling on Sunday night news and ongoing US Navy efforts. Sourcing is the admiral's expertise plus market observations; no additional named guests or primary documents shown.

Source: Forbes Breaking News

Video: Rep. Mike Kelly Backs Bill Easing Digital Asset Charitable Donations

Rep. Mike Kelly Backs Bill Easing Digital Asset Charitable Donations

Jun 16, 2026

The Forbes clip shows Rep. Mike Kelly (R-PA) questioning witnesses during a June 9, 2026 Ways & Means hearing on digital asset taxation. Kelly highlights outdated 1986 tax code appraisal rules as barriers to donating widely traded cryptocurrencies and endorses the proposed Charitable Deductions for Digital Asset Donations Act for parity with stocks. Mr. Slotkin explains that the bill defines eligible assets with market-price safeguards and eliminates qualified appraisals for qualifying donations. The segment focuses on facilitating philanthropy without added costs.

Source: Forbes Breaking News

Video: Vance Interview Details Framework of Trump-Iran MOU Amid Ongoing Talks

Vance Interview Details Framework of Trump-Iran MOU Amid Ongoing Talks

Jun 16, 2026

Forbes Breaking News aired an interview with Vice President JD Vance discussing the Trump administration's Iran memorandum of understanding. Vance described the short general MOU as establishing a framework where Iran receives economic benefits only upon delivering verifiable commitments, primarily on the nuclear program, with expectations around halting terrorist funding and regional instability addressed in follow-on talks.

Source: Forbes Breaking News

Video: Thompson Questions Crypto Mining, Staking Tax Treatment in House Hearing

Thompson Questions Crypto Mining, Staking Tax Treatment in House Hearing

Jun 16, 2026

The clip shows Rep. Mike Thompson (D-CA) during a House Ways and Means Committee hearing on digital asset tax proposals. Thompson stresses the importance of addressing taxpayer liability and seeks clarification on tax treatment of mining and staking rewards. Witness Michael Kaercher argues rewards represent payment for services updating the blockchain ledger rather than self-created property, citing a recent Tax Court memorandum opinion as confirming immediate taxation upon receipt. The segment ends with Thompson yielding back.

Source: Forbes Breaking News

Video: Rep. Peters Questions xAI Data Center Turbine Permits Under Clean Air Act

Rep. Peters Questions xAI Data Center Turbine Permits Under Clean Air Act

Jun 15, 2026

In a House hearing segment, Rep. Scott Peters (D-CA) highlights Clean Air Act benefits and criticizes xAI's Memphis, TN and Southaven, MS data centers for operating dozens of unpermitted natural gas turbines. He alleges the turbines, mounted on trailers, were improperly classified as mobile sources to evade permits, emitting significant pollutants while powering large AI facilities. Peters questions enforcement and references recent EPA guidance clarifying stationary-source requirements. Witness Ms. Garcia concurs on the need for enforcement and notes community harm.

Source: Forbes Breaking News

Video: Retired Rear Admiral Assesses Trump's Iran Deal and Military Damage Claims

Retired Rear Admiral Assesses Trump's Iran Deal and Military Damage Claims

Jun 15, 2026

Forbes Breaking News segment features retired Rear Admiral Mark Montgomery discussing whether the recent US-Iran peace deal improves American and global security. The interview covers the impact of prior combat on Iran's capabilities and compares the deal to the 2015 JCPOA. Montgomery, a senior director at FDD, offers analysis based on public and intelligence estimates of strikes. He reacts to a leaked or recent Obama interview commenting on the new agreement's similarities to the prior deal. The segment focuses on military outcomes versus diplomatic terms.

Source: Forbes Breaking News

Video: McBath Questions NLRB General Counsel Carey on Prior Firm Role

McBath Questions NLRB General Counsel Carey on Prior Firm Role

Jun 15, 2026

The clip shows Rep. Lucy McBath (D-GA) questioning NLRB General Counsel Crystal Carey during a House hearing. McBath asks about Carey's nearly eight years as a partner at Morgan Lewis, whether the firm represents only management, and potential bias in unfair labor practice decisions. Carey confirms the background and denies bias. McBath then raises broader points on Trump-era pay-to-play concerns, case contacts, pension protections, and tax policy.

Source: Forbes Breaking News

Video: Stansbury Questions Forest Service on Mining Proposals in NM National Forests

Stansbury Questions Forest Service on Mining Proposals in NM National Forests

Jun 15, 2026

The clip shows Rep. Melanie Stansbury (D-NM) questioning Forest Service leadership during a House Natural Resources Committee hearing. She highlights proposals to allow uranium mining in Cibola National Forest and other mining in areas near Santa Fe such as the Upper Pecos watershed, urging protection of culturally significant sites for tribal and Hispano communities.

Source: Forbes Breaking News

Video: Schweikert Urges De Minimis Exemptions for Crypto Tax Compliance in Hearing

Schweikert Urges De Minimis Exemptions for Crypto Tax Compliance in Hearing

Jun 15, 2026

The clip shows Rep. David Schweikert (R-AZ) at a House Ways and Means Oversight Subcommittee hearing discussing de minimis tax exemptions for small digital asset transactions. He questions witnesses on stablecoins, network fees, and parity with traditional finance rules, drawing analogies to foreign currency transactions. Witnesses endorse exemptions to avoid compliance burdens and data overload for low-value items like gas fees under $10. Schweikert stresses designing rules to minimize noise without tax revenue loss and reduce consumer costs. The segment ends with him yielding back.

Source: Forbes Breaking News

Video: Congressional Hearing Examines IRS Cuts' Effect on Crypto Tax Rules

Congressional Hearing Examines IRS Cuts' Effect on Crypto Tax Rules

Jun 15, 2026

The segment shows Rep. Don Beyer questioning witnesses during a House hearing on digital asset tax legislation. He highlights IRS workforce reductions, challenges implementing mark-to-market rules and broker reporting, and bills addressing Puerto Rico tax shelters and mining/staking income. Witnesses discuss guidance delays, enforcement impacts, and parity with other assets. The second part covers sourcing via congressional testimony and named experts, with references to JCT estimates and prior IRS leadership appearances.

Source: Forbes Breaking News

Video: Schneider Urges Bipartisan Crypto Tax Rules at Ways and Means Hearing

Schneider Urges Bipartisan Crypto Tax Rules at Ways and Means Hearing

Jun 15, 2026

The Forbes Breaking News clip shows Rep. Brad Schneider (D-IL) speaking during a House Ways and Means Committee legislative hearing on digital asset taxation. Schneider thanks witnesses, stresses the need for bipartisan solutions to update the tax code for crypto, criticizes last-minute partisan bills, and praises a draft by Reps. Horsford and Miller. He questions witness Mr. Kaercher on tax reporting, AML/KYC gaps, and illicit finance risks while urging focus on compliance and growth.

Source: Forbes Breaking News

Video: Vance Defends Trump Iran Deal Framework Amid GOP Criticism

Vance Defends Trump Iran Deal Framework Amid GOP Criticism

Jun 15, 2026

The segment features Vice President JD Vance responding on CNN to Republican and conservative critics of President Trump's Iran peace deal framework. Vance argues the agreement is action-based rather than trust-based, highlights unprecedented high-level communication, and notes benefits accrue only with compliance.

Source: Forbes Breaking News

Video: Huffman Questions Forest Service Chief on Fire Functions Transfer Proposal

Huffman Questions Forest Service Chief on Fire Functions Transfer Proposal

Jun 15, 2026

The segment is a clip from a House committee hearing where Ranking Member Rep. Jared Huffman questions USDA Forest Service Chief Tom Schultz on a proposal to transfer wildfire functions and personnel to a new National Wildland Fire Service under the Interior Department. Huffman asks about the need for congressional authorization, impacts on non-fire land management activities like trails and timber, and the status of a required study. Schultz confirms the transfer requires budget action by Congress, notes integration challenges between fire and land management staff, and states the study RFQ closes June 8 with results expected late fall or early winter. Huffman also raises concerns about Undersecretary Michael Boren and Sawtooth National Forest matters before time expires.

Source: Forbes Breaking News

Video: House Task Force Hearing Examines Federal Reserve Regional Structure

House Task Force Hearing Examines Federal Reserve Regional Structure

Jun 12, 2026

The June 12, 2026 field hearing in Oklahoma City examined the structure of the Federal Reserve System, focusing on its 12 regional Reserve Banks, Board of Governors oversight, and role in monetary policy. Witnesses included former Kansas City Fed presidents Thomas Hoenig and Esther George, Dallas Fed board member Gary Kelly, and University of Oklahoma economist Benjamin Keen. Segments covered historical origins in the 1913 Federal Reserve Act, regional expertise in areas like agriculture and energy, public-private governance via boards of directors, and benefits for independence and diverse perspectives. Sourcing relied on witness testimony, direct references to the 1913 Act, FOMC processes, and examples from crises like 2008 and 2020.

Source: Forbes Breaking News

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