Tags: GOP | Fed | easing

GOP Split on How to Handle Fed's Easing Move

Wednesday, 24 Nov 2010 03:14 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
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.”

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
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:
Retype 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

Darrell Issa Remains Richest Member of Congress

Friday, 29 Aug 2014 10:04 AM

Although Rep. Darrell Issa saw his net worth decline $38 million from 2012, he likely remains therichest member of Congr . . .

Campaign Ads in Midterms Spotlight VA Scandal

Thursday, 28 Aug 2014 23:14 PM

With the midterm election season about to unofficially kick off Labor Day weekend, the VA delayed care scandal is swampi . . .

Sen. Rob Portman Exploring Run for Presidency

Thursday, 28 Aug 2014 22:04 PM

Ohio Republican Sen. Rob Portman is exploring a presidential run, two reports said Thursday.
 . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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