Press Releases
The Fed's Ad-Hoc Anchor Continues to Drag on Our Economy
Washington,
December 14, 2016
Today, Monetary Policy and Trade Subcommittee Chairman Bill Huizenga (MI-02) released the following statement after the Federal Reserve announced its decision to raise short-term interest rates:
"The normalization of rates is inevitable, however the Federal Reserve continues to slow walk the process by maintaining artificially low rates," said Huizenga. "Adopting a rules-based strategy for monetary policy would not only strengthen our economy but improve opportunity for millions of Americans. The ad-hoc approach currently being employed by the Fed continues to create uncertainty for consumers and investors alike which acts as an anchor on our economy. I am hopeful that with a Trump Administration soon in the White House, House-passed legislation such as the FORM Act and the Financial CHOICE Act will gain even greater traction as positive ways to improve our nation's monetary policy." |