Search Form
First, enter a politician or zip code
Now, choose a category

Public Statements

Sen. Toomey: More Quantitative Easing Is A Mistake


Location: Washington, DC

U.S. Senator Pat Toomey (R-Pa.) issued the following statement today on the Federal Reserve's announcement that it will continue monetizing our deficits by buying additional long-term Treasury securities:

"The problems damaging our nation's economy are our unsustainable deficit, new regulatory burdens, and the threat of a looming, debilitating tax increase. Creating evermore money to fund our irresponsible deficits might reflate certain assets in the short term, but more quantitative easing will not solve - and might exacerbate - our underlying fiscal mess. This mistaken policy could be very difficult to unwind, will likely lead to future inflation, and will likely not result in stronger job growth."

Skip to top
Back to top