Wisconsin Congressman Paul Ryan says enough is enough with interest rates cuts from the Federal Reserve. "They're actually stoking inflation," says the Janesville Republican. "They're actually printing so much more money and lowering interest rates, they're fueling inflation. They're fueling price increases."
Ryan wants to give the Fed a single mandate: price stability, rather than economic growth. "The Fed is the one agency that is supposed to maintain our currency and its stability. They should focus on maintaining stable prices, because without stable prices, you can't have prosperirty, you can't have good economic growth." Since last September, the Fed has slashed the federal funds rate down to two-percent.
AUDIO: Congressman Paul Ryan (:60 MP3)
