Geithner Warns Republicans Against Politicizing the FedBy Ian Katz
Nov. 21, 2010
Lib Freaks Out After Virtue Signalling Poll Backfires
Christian Refugee Returns to Syria: 'I Was Scared When I Saw How Many Refugees Openly Pledged to ISIS'
Parkland Students Rally in Israel and Dubai to Demand Gun Control in America
'The Boer Project': Swedish Documentary Shows 'Reverse Apartheid' in South Africa
McMaster Pushes For War With Syria, Russia And Iran in Speech at Holocaust Memorial Museum
U.S. Treasury Secretary Timothy F. Geithner said the Obama administration would oppose any effort to strip the Federal Reserve of its mandate to pursue full employment and warned Republicans against politicizing the central bank.
“It is very important to keep politics out of monetary policy,” Geithner said in an interview airing on Bloomberg Television’s “Political Capital with Al Hunt” this weekend. “You want to be very careful not to take steps that hurt our credibility.”
The Republican congressional leadership, including John Boehner, nominated as the next House speaker, has criticized the Fed’s plan to buy $600 billion in assets, saying it would fuel inflation and asset bubbles. Senator Bob Corker, a Tennessee Republican who serves on the Banking Committee, said he favors confining the Fed’s mandate to promoting price stability.