Romney says Fed should not enact new stimulus measures

GOP presidential candidate Mitt Romney said he would not back efforts by the Federal Reserve to enact new economic stimulus measures, calling past moves ineffective.

“I am sure the Fed is watching and will try to encourage the economy. But I don’t think a massive new QE3 will help the economy,” said Romney in an interview with CNN aired late Saturday.

Romney said instead that Washington should focus less on boosting the public sector and instead encourage small business and entrepreneurs to aid job creation.

“I can absolutely make the case that now is the time for something dramatic and it is not to grow government,” said Romney. “It is the time to create the incentives and the opportunities for entrepreneurs – businesses big and small – to hire more people and that is going to happen.”

GET MORE STORIES LIKE THIS

IN YOUR INBOX!

Sign up for our daily email and get the stories everyone is talking about.

Email

Previous post

Check The Constitution, High Court Told

Next post

Rising gas prices haunt Obama

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.