Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Republicans Tell Federal Reserve To Sit On Its Hands

September 21, 2011 by  

WASHINGTON, Sept. 21 (UPI) — Republican leaders in Washington said in a letter to U.S. Federal Reserve Chairman Ben Bernanke it was not the time to add any stimulus to the economy.

The Fed’s Open Market Committee is in a two-day monetary policy meeting that began Tuesday and ends Wednesday afternoon. The letter from four party leaders in Washington was sent to Bernanke Tuesday evening, The New York Times reported.

The letter from Senate Minority Leader Mitch McConnell, Senate Republican Whip Jon Kyl, House Speaker John Boehner and House Majority Leader Eric Cantor says, “We have serious concerns that further intervention by the Federal Reserve could exacerbate current problems or further harm the U.S. economy.”

The Fed has described several steps it could take to add stimulus to the economy, which could be announced at 2:15 p.m., when the meeting adjourns.

Some believe the Fed will take action to prop up a badly stumbling economic recovery.

“I just don’t think the Fed will sit idly as momentum fizzles in this recovery,” Credit Suisse economist Dana Saporta told the Times.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Republicans Tell Federal Reserve To Sit On Its Hands”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

  • Christin

    Good job… to the four Republican party leaders for telling the unconstitutional FED Reserve Banking cartel to SIT ON IT!

    We don’t want your stinking fiat paper money you are printing and not backing with gold metal to hyper-inflate our economy into an unrecoverable spiral free fall.

  • s c

    As long as ‘Republicans’ don’t expect any applause for this position, then it can be said they did the right thing. At the same time, while we’re talking about integrity and taking care of America, i’d like to know how many times since 1913 the ‘Republicans’ ever dared to say squat to or about the Fed?
    As for the ‘Dems,’ forget it. They don’t know up from down, and they’ll probably NEVER understand or admit that the Fed is a PRIVATE CORPORATION. It has a MONOPOLY on America’s wealth, and it has been sucking the life out of America and America’s wealth since 1913.
    Isn’t it funny how ‘Dems’ can be so ‘compassionate’ and yet so HYPOCRITICAL when it comes to the Fed? They LOVE GE (which hasn’t been paying TAXES), and somehow they manage to find ways to HATE most corporations.
    I guess it means that to a ‘Dem’ (whatever you want to call the pathetic SOBs), hypocrisy is also a religion, and at the moment the current high priest is Obummer. It fits, doesn’t it?

    • Christin

      s c,

      Yep, sure does…

      Good post.

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.