Search for PodcastsRegister | Sign In
 

 

Mike Pence introduces legislation to scale back the mandate of the Federal Reserve VIDEO Episode | Republican National Convention Blog NYC 2004

PodcastDirectory / Technology / Podcasting
PodcastDirectory / Regions / /



Republican National Convention Blog NYC 2004

Primary Format:
Podcasting

Also Listed as:

User Tags:

RSS Feed
Website

Visit Methings.com for the most recent listings of:

Mike Pence introduces legislation to scale back the mandate of the Federal Reserve VIDEO


Mike Pence introduces legislation to scale back the mandate of the Federal Reserve VIDEO

Play Now -->

DATE : Tue, 16 Nov 2010 13:35:14 PST
Entered in Database : 2010-11-16 21:35:14
length : 1063
Link to the Show / Show Notes

Mike Pence Introduces Bill to End the Federal Reserve’s Dual MandatePence Introduces Bill to End the Federal Reserve’s Dual Mandate.

U.S. Congressman Mike Pence released the following statement today as he introduced legislation to scale back the mandate of the Federal Reserve:
“Since 1977 the Fed has been forced to develop monetary policy that balances concerns for employment and inflation. The bill I’m introducing today will end that dual mandate and put the Fed back in the business of solely focusing on price stability and preventing inflation.

“The Fed’s QE2 decision earlier this month to print $600 billion, as an attempt to reduce unemployment, is another example of the failure of its dual mandate. By using monetary stimulus in this way, the central bank has actually taken steps that will prove inflationary in the long run. Printing money is no substitute for sound fiscal policy.

“The Federal Reserve should focus solely on controlling inflation. Unemployment is a matter of great seriousness to the American people, but it is the job of the Congress and the President to put forth pro-growth policies on taxes, to rein in government spending, and to reduce the regulatory burden in order to create an environment that is friendly to our nation’s job creators and that sustains long-term employment. The Fed’s full employment mandate has, too often, led to short-term fixes with long-term inflationary consequences that will not lead to job creation. It’s time to return the Federal Reserve to the singular mission of protecting the fundamental strength and integrity of the dollar.”


TEXT and IMAGE CREDIT: Mike Pence Washington D.C. Office 1431 Longworth HOB Washington, DC 20515 (p) 202 225-3021 (f) 202 225-3382

Roku + Netflix = Instant Movies on your TV


Add a Podcast
Remove a Podcast
Search for Podcasts
Podcast Directory
by Country
by Language
by Buzz
by Popularity
by Category
by Tags
by Region
by City
on a Google Map