House Republicans threaten to subpoena Fed over exit documents - Political Watch - MarketWatch

House Republicans threaten to subpoena Fed over exit documents - Political Watch - MarketWatch

If the Fed does not produce the material by May 6, the House panel may consider “the use of compulsory process,” Issa wrote.
Some Fed officials have raised concerns that the exit will be politically unpopular. The Fed could lose money on its holdings as interest rates rise.  In addition, the Fed plans to raise the interest rate that it pays banks to park their excess reserves at the central bank.
Issa’s letter followed up a request sent to the Fed is mid-February from Rep. Jim Jordan, the chairman of the House Oversight panel’s subcommittee on regulatory affairs. Issa said the Fed only provided Jordan a binder of publicly available studies and a single one-page email.

And we're serious this time!