Romney says Federal Reserve action would not boost job growth

By Agence France-Presse
Sunday, September 9, 2012 12:10 EDT
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Mitt and Ann Romney via AFP
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WASHINGTON — Republican White House challenger Mitt Romney said in an interview broadcast Sunday that a Federal Reserve boost to the economy would do little to create US jobs in the short term.

“I don’t think that easing monetary policy is going to make a significant difference in the job market right now,” Romney told NBC’s “Meet the Press.”

“I think what the nation needs is a change in fiscal policy. A different structure to our economic positions. And if we take the right course I believe you’re going to see this economy come roaring ba

Government data Friday showing that the economy created only 96,000 jobs last month stoked speculation that the Fed would this week strengthen its commitment to near-zero interest rates or approve a third round of quantitative easing (QE) bond purchases.

Romney has been hammering Obama over the Labor Department figures which also showed that the unemployment rate dipped to 8.1 percent, largely due to people becoming disenchanted and giving up looking for work.

Agence France-Presse
Agence France-Presse
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