Mr. Volcker said the way to get low unemployment was to have low expected inflation.
Editor's note · Context
Capuano references Volcker's approach to managing unemployment and inflation.
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I personally think that a lot of the good we are seeing today is the result of the actions we took several years ago to stabilize, secure, and improve the economy and is now working its way through the system.
Despite the fact that the Financial Services Committee has clear jurisdiction over these matters, the Secretary seems to think that referring us to other committees is a satisfactory answer to our questions. It is not.
I think it is important for us all to understand that we are talking about something that has a huge benefit to those of us that live in rural populations and, again, benefits the urban centers so they can get across those rural areas.
I really appreciate that comment, there are going to be more renters than homeowners.





