Tags: GOP | Fed | easing

GOP Split on How to Handle Fed's Easing Move

Wednesday, 24 Nov 2010 03:14 PM

Most Republicans have expressed concern about the Federal Reserve’s latest round of easing. But there isn’t widespread agreement about what they should do about it, The Hill reports. The worry is that the Fed’s move to buy $600 billion of Treasury bonds will depress the dollar and spark inflation.

Some Republicans want to shift the Fed’s responsibilities to focus only on inflation and to stop trying to foster maximum employment. Others worry that political interference on Capitol Hill will comprise the central bank’s independence and thus its ability to produce wise policy decisions.

“This is not a particularly good time for legislators to be suggesting changes in the Fed’s approach,” a monetary policy expert at a conservative think tank tells The Hill. “Everyone thinks they can suddenly become a monetary policy expert.”

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Trump, O'Reilly Make Up After Digs at Each Other

Thursday, 29 Jan 2015 21:29 PM

Business mogul Donald Trump and Fox News host Bill O'Reilly were pals again after Trump appeared on Fox News Channel's " . . .

Fox News Poll: Romney, Clinton 'Dead Even' in 2016 Matchup

Thursday, 29 Jan 2015 21:14 PM

A Mitt Romney-Hillary Clinton contest for president finds the two potential rivals tied in a Fox News poll asking regist . . .

GOP: Keystone to Become a Reality Whether Obama Backs It or Not

Thursday, 29 Jan 2015 21:01 PM

Two Senate Republicans told Newsmax on Thursday that Congress was going to bring the $8 billion Keystone XL pipeline to  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved