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View Full Version : Ron Paul's hearing tomorrow will be on how monetary policy impacts the economy...




sailingaway
07-25-2011, 08:43 PM
http://thehill.com/blogs/on-the-money/budget/173419-overnight-money-prime-time


Fed fulminating: Rep. Ron Paul (R-Texas) will return to the fertile grounds of Federal Reserve bashing on Tuesday, with his House Financial Services subcommittee exploring how the central bank’s monetary policy affects the economy.

Specifically, the panel will discuss inflation, unemployment and the potential for a third round of "quantitative easing." The Fed has said it is prepared to pump more stimulus into the economy if needed, but Ben Bernanke, the Fed chairman, has emphasized that nothing is in the works immediately. Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City and no fan of the last QE experience, will be on hand to testify.