Tags: Rep.-Elect West Bernanke Must Answer Hard Questions Before Congress

Rep.-Elect West: Bernanke Must Answer 'Hard Questions' Before Congress

By    |   Monday, 06 Dec 2010 11:16 AM

Rep.-elect Allen West, R-Fla., told Newsmax.TV that Congress and the Federal Reserve aren't working together and that Fed Chairman Ben Bernanke needs to come before Congress and answer some tough questions. West also was sharply critical of Alan Greenspan, Bernanke’s predecessor, and the Federal Reserve in general.

“There is a disconnect between fiscal policy, which is what the Congress is supposed to do, especially the House of Representatives, and monetary policy, which is what the Federal Reserve is bringing forth, and we’ve got to bring those together because they’re not working toward the same goal,” West told Newsmax.TV.

“I mean we continue to dig ourselves deeper in debt. I think that Mr. Bernanke needs to come before the House Budget Committee or the Financial Services Committee, whichever one, and answer some really hard questions.”

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West, a retired Army Lt. Colonel who was part of the wave of new members of Congress swept into office in November, campaigned on U.S. fiscal policy, reducing debt, and balancing the budget.

During the interview, West was also critical of the monetary policies of Greenspan, who was revered by both Republican and Democratic presidents.

“I think that we have some serious questions about the Federal Reserve that need to be looked into,” he said.

“You know, one of the things I go back and look at (is) Alan Greenspan and how we continued to lower and cut those interest rates. I mean what we did was create an artificial economy. And this quantitative easing that we just did where we you know just magically print $600 billion trying to monetize our debt.”

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Rep.-electAllen West, R-Fla., told Newsmax.TV that Congress and the Federal Reserve aren't working together and that Fed Chairman Ben Bernanke needs to come before Congress and answer some tough questions. West also was sharply critical of Alan Greenspan, Bernanke s...
Rep.-Elect West Bernanke Must Answer Hard Questions Before Congress
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2010-16-06
Monday, 06 Dec 2010 11:16 AM
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