Further delay poses long-term risks to our economy." says House economic leader
Texas Insider Report: WASHINGTON D.C. U.S.
Cong. Kevin Brady (R-TX) the top House Republican on
the Joint Economic Committee and a senior member of
the House Ways & Means Committee made the following comments following the release of the FOMC Statement which declared Based on
its current assessment the Committee judges that it can be patient in beginning to normalize the stance of monetary policy."
The benefits from Feds monetary stimulus have clearly run their course while the risks going forward mount.
So todays FOMC decision to maintain its current policy of monetary ease is disappointing" Brady said.
Im hopeful that economic weakness abroad doesnt deter the FOMC from beginning to responsibly normalize monetary policy in the U.S. this year. Further delay poses long-term risks to our economy beyond inflation including punishing savers and seniors encouraging risky investments and repeating the monetary policy mistakes that contributed to the Great Recession" Brady concluded.
