Vice President Pence Would Up the Ante on Federal Reserve Reform
- Former congressman proposed eliminating employment mandate
- Pence was key Republican critic of Fed’s bond buying
Indiana Governor Mike Pence on July 12, 2016 in Westfield, Indiana.
Photographer: Aaron P. Bernstein/Getty ImagesThis article is for subscribers only.
Mike Pence tried to change how the Federal Reserve operates when he was a congressman. If he becomes vice president, he’ll be in a better position to help make it happen.
Before becoming governor of Indiana and now presidential candidate Donald Trump’s newly picked running mate, Pence was a key lawmaker among House Republicans whose criticism of the Fed built to a crescendo in 2010 as the central bank began a $600 billion second round of bond purchases to avert deflation and boost employment. Pence said at the time that the quantitative easing would monetize the U.S. government’s debt and ignite inflation.