Steve Scalise: “I thank the gentleman for yielding. As we know, the Federal Reserve Chairman has some tools available to him, if need…”

“I thank the gentleman for yielding. As we know, the Federal Reserve Chairman has some tools available to him, if need be, to address problems in the economy that we are starting to see, but we also know that those tools are very harsh. Hopefully, those tools would be a last resort. So it is important for us, as policymakers, to not just sit back and wait for problems to occur that then the Federal Reserve Chairman has to address because we haven't. Because we know if he does those things, whether it is limiting money supply, interest rate increases, those are all things that would hurt hardworking families all across the country. So as he even recognized, right now the enhanced unemployment benefits that are, by all accounts, the reason that we are having a worker shortage, the reason that every small business is having trouble getting more people back to work so they can meet that supply demand that is starting to create inflation, he did acknowledge that when those enhanced benefits run out, then you will see the worker shortage get better and improve and people start going back to work. We could end those earlier, acknowledging there are millions of job openings. We shouldn't be paying people money to not work when there are jobs that are available right now and they can't find takers.…”