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Patrick Toomey actually said...

It is not at all clear that the Federal Reserve Act permits negative IOER rates.

Context

Toomey questions the legality of negative interest on excess reserves.

02/10/2016

https://www.congress.gov...

More Patrick Toomey Quotes

Unless the Bureau is reformed, it is only a matter of time before this concentration of power is abused.
9/5/2011
At a time when our Nation's unemployment rate is over 9 percent, this would be a very dangerous gamble.
9/5/2011
No one person should have so much unfettered power over the American people.
9/5/2011
Our pursuit of better consumer protections should not require us to compromise our basic Constitutional values.
9/5/2011

View All Patrick Toomey Quotes

Patrick  Toomey
out of office

usa, Pennsylvania

1,671 Quotes

Born11/17/1961 (age 63)

PartyRepublican

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