Reuters reports that Sen. Marco Rubio discussed the Federal Reserve while at a Wall Street Journal conference yesterday, saying that he would not renominate current Fed Chair Janet Yellen were he elected president.
Rubio also teed off on recent Fed policies, arguing that Washington has become “Fed-obsessed”:
“The Fed is no substitute for tax policies, regulatory policies, fiscal economic policies that create an environment that’s conducive to economic growth,” Rubio, a U.S. senator from Florida, said at a conference in Washington.
“In fact the Fed oftentimes, by trying to compensate for bad fiscal policy, ends up making policies that dramatically alter the economy in very negative ways,” he said.
Paul Dupont is the managing editor for ThePulse2016.com.