Political Quotes

“Mr. Speaker, I rise in opposition to H.R. 2543. This bill threatens the independence of the Federal Reserve and does nothing to address the rising cost of living and the highest inflation that our country has seen in over four decades. In my home State of California, gas prices are averaging $6.40 per gallon, and the cost of everyday goods continues to rise. =========================== NOTE =========================== June 15, 2022, on page H5572, in the third column, the following appeared: Mrs. KIM. Mr. Speaker, I rise in opposition to H.R. 2543. This bill threat- The online version has been corrected to read: Mrs. KIM of California. Mr. Speaker, I rise in opposition to H.R. 2543. This bill threat- ========================= END NOTE ========================= The way the Fed can address socioeconomic disparities for all groups, including our most vulnerable communities, is by focusing on the existing dual mandate of price stability and maximum employment. Instead of letting the Fed use its existing tools, my colleagues on the other side of the aisle are attempting to politicize it. Congress should be focusing on addressing real wages being down 4.2 percent and helping the Fed achieve a price stability mandate instead of enacting partisan policies. Mr. Speaker, I urge a ``no'' vote on H.R. 2543.”