[Nick Timiraos: U.S. House Committee Reviews Bill to Eliminate Federal Reserve's Dual Mandate] Odaily Planet Daily News: Nick Timiraos, known as the 'Fed's mouthpiece,' reported that the U.S. House Financial Services Committee is reviewing a bill aimed at amending the Federal Reserve Act to eliminate the Fed's dual mandate, focusing solely on price stability. The text of the bill shows revisions to Section 2A of the Federal Reserve Act (Title 12, Section 225a of the United States Code), removing 'maximum employment, stable prices' and inserting 'stable prices.' Timiraos noted that if this bill had already been law, the Fed's decision to cut interest rates last year would be worth reconsidering.