Demand for Treasury derivatives is rising and with it demand for cash and for clearing. It is absolutely critical that our capacity for clearing these transactions rises in kind.
Clearing capacity for Treasury transactions should rise alongside demand for Treasury derivatives and cash.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
The House Financial Services Committee said Frank Lucas's task force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity held a field hearing examining the structure of the Federal Reserve System and the role of its federated framework in monetary policy.
Assessments
The available evidence shows Lucas is actively working on Treasury-market-resilience issues through his task force and a recent field hearing, which indicates meaningful effort on the policy area. But it does not show that clearing capacity for Treasury transactions has actually increased, nor that a concrete policy outcome delivering that increase has been enacted or implemented. Because the candidate remains in office and the record here shows ongoing work rather than a completed result, the promise is best scored as unresolved rather than delivered, partial, or never.