Sen. Cornyn Statement on Yellen Nomination
Statement
Issues: Monetary Policy
U.S. Sen. John Cornyn, R-Texas, a member of the Senate Finance Committee, today issued the following statement regarding the announcement that President Obama will nominate Janet Yellen to chair the Federal Reserve:
"Ms. Yellen subscribes to the liberal school of thought that the best way to handle to our nation's fiscal challenges is to throw more money at them. This stimulus obsession is the reason the nation finds itself in the fiscal calamity it does today, and the last thing we need is a leader at the helm of the Federal Reserve who is intent on more quantitative easing that harms our economy and further burdens hard-working Americans."
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