Grassley: No on Bernanke « The Washington Independent
Jul 31, 202087.4K Shares1.4M Views
Sen. Charles Grassley (Iowa), senior Republican on the Finance Committee, told reporters today that he will oppose Ben Bernanke’s bid for a second term atop the Federal Reserve, citing “concerns about inflation and the pattern of resistance to accountability.”
“„We need a chairman focused on a strong dollar and low inflation. The current chairman has been behind the scenes with a policy of easy money, inflating our way out of a stock market bubble to a housing bubble. Now we face the inevitable result, and it seems like we’re in a situation to repeat the mistakes of the past with the kind of hyperinflation we had in ‘79 and ‘80.
Bernanke’s first term expires at the end of January.
Rhyley Carney
Reviewer
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