White House says Fed independence important

DYERSVILLE, Iowa Tue Aug 16, 2011 12:27pm EDT

DYERSVILLE, Iowa Aug 16 (Reuters) - The White House said on Tuesday it was important for the Federal Reserve to be independent, and stressed it has not yet settled on any proposal about government support for the housing market.

Responding to sharp words from Republican presidential candidate Rick Perry about Federal Reserve Chairman Ben Bernanke, White House spokesman Jay Carney said: "I certainly think threatening the Fed chairman is not a good idea."

"When you are president or running for president, you have to think about your words," he said. Carney also said there had been no decision yet about reforms to the housing and mortgage market, including the agencies Fannie Mae and Freddie Mac. (Reporting by Alister Bull; Editing by Jackie Frank)

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Comments (1)
Sinjin7 wrote:
“White House says Fed independence important” ~ Oh sure I imagine it is, but to whom? Seems to me it should be most important to the masses of people responsible for paying the taxes the US government uses to operate, but is this the case? Does the FED operate to ensure the value of the US currency doesn’t evaporate? No! Does it endlessly print new currency adversely affecting the investments and purchasing power of taxpayers? Well yeah, it does. Who benefits from that?

Aug 16, 2011 1:05pm EDT  --  Report as abuse
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