Vice President Mike Pence speaks at the Hudson Institute in Washington, D.C.on Thursday, Oct. 4, 2018should look to cut its benchmark interest rate due to the continued growth of the U.S. economy.on Friday. "We just don't see any inflation in this economy at all."He also added the idea that Fed perhaps should focus on a single mandate, maximizing employment, to make monetary policy, instead of the dual mandate that also includes low inflation.
Trump is looking to fill a vacant seat on the Federal Reserve board but, so far, the nominees he has seriously considered have withdrawn. Conservative punditto step back from Fed consideration on Thursday, following the same path as Herman Cain, who withdrew last month. "I think the president is very interested in bringing fresh ideas to the Federal Reserve board," Pence said. "What the president's really looking for is people that understand the dynamic approach to this economy that he's been putting into practice."
Pence added that the president is looking for nominees "who are as fiercely committed to the free market as he is."
Huh?
Obvi, Pence skipped economics 101 in Bible school..
Because he doesn't understand economics
mike, easy on the 'low inflation' schtik...food, fuel and craft beer prices are firm.. pence mikepence inflation crude crudeoil
Lowering would not be wise....keep them steady for the year. Then reevaluate.
That makes no sense.💩👺🤡
Either the economy is great or it isn’t. Which is it. More stimulus will only drive inflation
I do not think he is the best guy to give advice on this matter.
Nice guy, but... why in the world would you cut rates on an economy that is as strong as this administration says it is? Makes no sense.
More asset bubbles!
he knows nothing abour economy, works only for reelect trump
But during the past couple years of the Obama presidency, the GOP wanted the Fed to raise interest rates, IIRC
And the FED has a 4 trillion dollars problem
VP Help me understand this - you want people to be able to borrow more money at a lower rate? And, increase their debt? Sounds like a failed GOP economic plan to me. POTUS realDonaldTrump
Idiot.
VP should not comment on things he knows nothing about.
Does that mean Pence is pro inflation?
Absurd. The economy is incredibly strong right now so there’s no need to lower rates.
The VP should consider a new job 😁
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