'[The federalreserve] ought to be focused on protecting the integrity of the dollar & not also be focused on the mission of full employment. It seems to me that that the Fed ought to stick to its business,' said Mike_Pence in an interview w/ dcexaminer.
Vice President-elect Mike Pence will attend the House Republicans weekly conference meeting Thursday.
"The pilot light on the worst inflation in 40 years was lit when Joe Biden and the Democrats in the House and Senate passed a completely unnecessary $1.9 trillion bill in the name of COVID on a party-line vote," said the former Indiana governor."And I will tell you, I'm proud of the fact that everything we did during that year of the pandemic of the Trump-Pence administration, we did on a bipartisan basis.
Pence's openness to focus the Fed solely on inflation, not also on full employment, does align with his remarks during his Vice Presidency, when he endorsed Trump's call for the Fed to lower rates in 2019, back when headline consumer price index inflation fell below the Fed's 2% benchmark.
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