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CHAIRMAN'S POSITION.
SOMEONE WHO SHARED MY ECONOMIC
VIEWS.
>> KEVIN BRADY JOINS US FROM
CAPITOL HILL.
>> THANKS FOR HAVING ME.
STUART: IF IT WAS PRESIDENT
ROMNEY AND HE REPLACED BEN
BERNANKE AND REPLACED HIM WITH
SOMEONE WHO WANTS TO STOP
PRINTING MONEY INTEREST RATES
WILL GO STRAIGHT UP AND OUR
ECONOMY WOULD GO STRAIGHT DOWN.
>> GOVERNOR ROMNEY.
HAS THE RIGHT TO CHOOSE A FED
CHAIRMAN WHO AGREES WITH HIM.
I THINK GOVERNOR ROMNEY HEADS
THIS ISSUE ON TARGET FOR TWO
REASONS, THE FED ACTIONS
YESTERDAY SEEMING REBUKE TO THE
OBAMA ADMINISTRATION.
THE FED STILL FEELS OBLIGED TO
TRY TO STIMULATE THE ECONOMY.
SECONDLY, LONG-TERM INTEREST
RATES AND LIQUIDITY ARE NOT THE
ROADBLOCKS TO THE ECONOMY.
WHILE YOU ARE GETTING A SUGAR
HIGH ON WALL STREET, AS HE
REPORTED, JOB CREATORS IN THE
REST OF THE COUNTRY, THIS WILL
NOT MOVE THEM AT ALL.
STUART: THIS WIDESPREAD
AGREEMENT THAT IT WILL NOT MOVE
THE ECONOMY, LET ME GET BACK TO
WHAT I WAS SAYING EARLIER, IF
YOU DO NOT PRINT MONEY AND THERE
IS NO MORE ACTION FROM THE FED,
DON'T INTEREST RATES RISE?
KNOWN TO HIT THAT CLIFF, ALL OF
A SUDDEN, THAT COULD HAPPEN IF
BERNANKE GOES .
>> I DON'T THINK A CLIFF IS
NECESSARILY THE RESULT OF THAT.
YOU CANNOT CONTINUE AT THIS NEAR
ZERO INTEREST RATE REGIME FOR
FOUR YEARS.
IT IS MASKING THE TRUE SIDE OF
THE DEFICIT.
I THINK IT WILL ADD TREMENDOUS
FUEL TO AND INFLATIONARY SPIRAL
DOWN THE ROAD.
I LIKE THE FACT THAT GOVERNOR
ROMNEY IS NOT DUCKING THE BIG
ISSUES, ESPECIALLY HOW WE GET