BLAME CONGRESS FOR INFLATION
May 01, 2008
May 01, 2008
WASHINGTON, May 1 -- Rep. Paul Ryan, R-Wis. (1st CD), issued the following op-ed:
Yesterday, the Federal Reserve lowered the fed-funds rate to 2%, its lowest level since late 2004. In a nod to growing inflation fears, the Fed said "it will be necessary to continue to monitor inflation developments carefully."
But if we really want to do something about inflation, Congress should repeal the Humphrey-Hawkins Full Employment Act of 1978, which dangerously div . . .
Yesterday, the Federal Reserve lowered the fed-funds rate to 2%, its lowest level since late 2004. In a nod to growing inflation fears, the Fed said "it will be necessary to continue to monitor inflation developments carefully."
But if we really want to do something about inflation, Congress should repeal the Humphrey-Hawkins Full Employment Act of 1978, which dangerously div . . .