Mitt Romney Criticizes Fed — Almost

By:  Thomas R. Eddlem
10/08/2012
       
Mitt Romney Criticizes Fed — Almost

The Republican Party standard-bearer for President Mitt Romney edged up toward criticism of the Federal Reserve Bank's “quantitative easing” in an interview for the October 7 edition of NBC's Meet the Press.

The Republican Party standard-bearer for President, Mitt Romney, edged up toward criticism of the Federal Reserve Bank's “quantitative easing” in an interview for the October 7 edition of NBC's Meet the Press.

In the interview, host David Gregory claimed that Obama's economic agenda appears to be working because “the stock market is at the highest level since 2007,” and with the unexpected unemployment numbers that came out last Friday. Romney replied:

This is really a sign that people are having a hard time finding work, very, very troubling. And of course, the stock market does well, in part because the indication by the Fed that they're going to print more money, pour more money into the system says we're likely to have down the road high inflation. Where else are you going to go? If interest rates are going to be near zero, investors have to have some place to go.

Gregory pressed the former Massachusetts governor for a more pointed critique of the Federal Reserve's third bout of “quantitative easing,” dubbed QE3: “You don't think the Fed ought to be any more involved at this point?”

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Photo: Mitt Romney with David Gregory on Meet the Press back on September 9, 2012

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