Kevin Brady

Sadly, however, economic growth and job creation is lagging under President Obama.

Sadly, however, economic growth and job creation are lagging under President Obama.

My goal, as Vice Chairman of this Committee, is to ensure that America has the strongest economy in the world throughout the 21st Century.

A sustainable fiscal policy requires economic growth.

The answer is yes, absolutely. As the Fed tries to do more, Congress, frankly, is using that and the White House as an excuse not to take the key steps necessary to create the business climate for recovery.

The answer is yes, and your question, in some regards, addresses Mrs. Maloney's question, which is under a single mandate, focused on the purchase power of the dollar, could the Fed intervene in times of emergency?

Unfortunately, both Republican and Democrat Administrations related to the Fed have used that, in effect, to circumvent the power of Congress.

For America to continue its preeminence in the global economy, it is important that we get the role of the Federal Reserve right.

We agree on three key points: preserving the value of the dollar is essential to economic growth and prosperity in America; the Federal Government must not be allowed to monetize its debt; and our financial system should serve the…

I think the legislation to change the dual mandate and focus on price stability, which is in Congressman Brady's bill, and also in Congressman Pence's bill, would help in this regard.

We want a rules-based inflation targeting. We want the Fed to stop, the go-stop policies, the interventionist policies and to focus on staying within the lines, both on inflation and deflation.

The President's health care plan, in my view, is right now a real deterrent to new job creation in America.

Congress holds the constitutional responsibility for monetary policy.

Inflation has been called many things, a hidden tax, a government-sponsored reduction in workers' paychecks or, as Dr. Paul often says, theft.

In my view, we are not at the job levels we should be, in part, because it is Congress' role to set the fiscal policy to create the business climate so recovery can occur.

Some of the actions they took during the financial crisis truly did calm those waters, but stop there and look at the economic recovery since.

I think the Fed is trying to do too much. They are trying to make up for, I think, some failed economic policies, in my view, from the White House.

It seems to me a far smarter way to set the rate system.

If we could just calm down a little bit, we might be able to save this program.

This is a program that is going bankrupt.

Democrats can't support a proposal that does not have an ironclad Medicare guarantee.

This is not just rhetoric. In North Dakota, we have seen it work, and we have also seen what uncertainty can do to disrupt positive growth.

The best thing that Washington can do for small business is to provide certainty, and that means both tax and regulatory certainty.

I hope the Committee will look to that bill as a major priority as we continue forward with the extenders.

The Administration has thwarted oil and gas development on federal lands and offshore.