Monetary Policy
Marco Rubio
Rubio's's Monetary Policy (section page):
Policy
"Sound monetary policy would also encourage middle class job creation. The arbitrary way in which interest rates and our currency are treated is yet another cause of unpredictability injected into our economy. The Federal Reserve Board should publish and follow a clear monetary rule -- to provide greater stability about prices and what the value of a dollar will be over time." (TA)
Audit The Federal Reserve
"I am proud to support a bill, just like I have every year since joining the Senate, that would require an audit of the Fed and allow Congress to examine its activities like they do other government institutions." (MRWAF)
On The Federal Reserve's Power
"the Fed has taken an outsized role in the American economy, purchasing over $4 trillion in bonds, mortgage-backed securities, and other assets. Its balance sheet is now larger than the GDP of Germany. This overreach has created an unhealthy, Fed-centric economy that leaves businesses and investors hanging on the arbitrary, unpredictable decisions of a few central bankers. Unwinding the current situation, as everyone knows is necessary, will come with even more new risks." (MRWAF)
Ted Cruz
Ted Cruz Monetary Policy (section page):
"We need sound money. And I think the Fed should get out of the business of trying to juice our economy and simply be focused on sound money and monetary stability, ideally tied to gold" (RD3)
"Instead of adjusting monetary policy according to whims, and getting it wrong over and over again and causing booms and busts, what the Fed should be doing is number one, keeping our money tied to a stable level of gold, and number two, serving as a lender of last resort," (RD4)
Donald Trump
Trump's Monetary Policy (section page):
"The Federal Reserve -- right now, in this world, the way we built it up -- probably has more of an impact than almost any other position, other than the couple of biggies"(HP)
Donald Trump said in an interview with the hill that the reason the federal reserve is keeping the interest rate down is because "Obama doesn’t want to have a recession-slash-depression during his administration.” (IBT). He made that claim again during a news conference saying that "They are not raising them because Obama has asked them not to raise them" (HNGN)
