Pat Toomey
The Public Record
Patrick Toomey is a former United States Senator from Pennsylvania, serving from 2011 to 2022. A member of the Republican Party, Toomey was known for his focus on fiscal conservatism, economic growth, and limited government. During his tenure, he served on several Senate committees, including the Banking, Housing, and Urban Affairs Committee, where he was involved in financial regulation and economic policy discussions.
The economy has come roaring back from COVID. GDP is above its prepandemic level, and the Fed forecasts GDP will grow by a robust 7 percent this year.
I'm concerned that the Fed's current paradigm almost guarantees that it will be behind the curve if inflation becomes problematic and persistent.
The Fed's policy is especially troubling because the warning siren for problematic inflation is getting louder.
Inflation is here, and it's more severe than most--including the Fed itself--expected.
We appreciate the IG and the work you guys do, and appreciate your eyeballs on the agency.
I remain concerned that they put themselves in a position of being behind the curve if they are wrong.
The Biden administration, as I am sure you know, repealed the Trump-era AFFH rule.
I think it is fair to say that prior to, say, the COVID pandemic hitting us, we were living in one of the freest trading, global trading environments in the last 100 years.





