Political Quotes

Richard Shelby: Do you have any concerns, Dr. Volcker, that if the Fed assumes too many responsibilities, its ability to conduct…

On the recordFebruary 3, 2009
Do you have any concerns, Dr. Volcker, that if the Fed assumes too many responsibilities, its ability to conduct monetary policy could be undermined?
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Shelby questions the Fed's capacity to manage monetary policy if overloaded with responsibilities.

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More from Richard Shelby

May 25, 2022

I am concerned about this--what this communicates to both our allies and our adversaries.

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I'm also concerned that inflation will reduce the Army's buying power.

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What is the biggest challenge here? Is it lack of interest? Is it lack of - something?

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Feb 28, 2023

As Senator Shelby at our Senate testimony hearing last March pointed out to us, we must maintain what we have before we can build new, and I think he hits the mark head-on.

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