Tags: Kucinich | Fed | easing | hearings

Kucinich to Convene Hearing on Fed Easing

Wednesday, 24 Nov 2010 02:23 PM

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Plenty of Republican members of Congress have expressed opposition to the Federal Reserve’s latest easing move — purchases of $600 billion of Treasury bonds. Now a Democrat is giving Fed opponents an opportunity to sound off. Democratic Rep. Dennis Kucinich, chairman of the Domestic Policy Subcommittee of the Oversight and Government Reform Committee, will convene a hearing Nov. 30 to discuss the economic justification and effects of the Fed’s latest round of monetary accommodation, The Hill reports.

Kucinich, Fed, easing, hearingKucinich may have more in common with Republicans when it comes to the Fed than members of his own party. The longtime Fed critic says he’s holding the hearing "in light of massive unemployment and the seeming inability of government to invest in infrastructure or to intervene to stop the loss of jobs," according to an announcement his office released.

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