Pence Statement on Federal Reserve Decision

Pence Statement on Federal Reserve Decision

NOVEMBER 3, 2010

Washington, DC - U.S. Congressman Mike Pence, Chairman of the House Republican Conference, issued the following statement today after the Federal Reserve decided to embark on a second round of quantitative easing.

“Today, the Federal Reserve has entered uncharted territory.  Diluting the value of the dollar by continually increasing the supply of money poses an incalculable risk.  Instead, Congress needs to embrace pro-growth fiscal policies to stimulate our economy rather than masking our fundamental problems by artificially creating inflation.  The American people deserve a government that protects the purchasing power of the dollar."

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For additional information, contact:

The House Republican Conference Press Office at (202) 226-9000 or
Matt Lloyd (matt.lloyd@mail.house.gov)
Mary Vought (mary.vought@mail.house.gov)