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Keyword: dualmandate

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  • Pence: Simplify the Fed's Job

    12/06/2010 12:19:33 AM PST · by JohnHuang2 · 19 replies
    Townhall.com ^ | 12/6/2010 | By Elisabeth Meinecke
    Despite the Federal Reserve’s announcement last month of a new round of quantitative easing to help unemployment, the national unemployment rate increased to 9.8 percent in November. Indiana’s Rep. Mike Pence, in light of the Fed’s announcement, is promoting a different solution: simplify the Fed’s job so that it doesn’t have to worry about employment. Pence was among the first to express concerns about the Fed’s employment mandate when news broke last month that the federal government would participate in a U.S. Treasury security-buy, known as quantitative easing.