(Bloomberg) -- Mike Pence tried to change how theFederal Reserve operates when he was acongressman. If he becomes vice president, he’ll be in a betterposition to help make it happen.
Before becoming governor of Indiana and now presidential candidate Donald Trump’snewly picked running mate, Pence was a key lawmaker among HouseRepublicans whose criticism of the Fed built to a crescendo in 2010as the central bank began a $600 billion second round of bondpurchases to avert deflation and boost employment. Pence said atthe time that the quantitative easing would monetize the U.S.government’s debt and ignite inflation.
Pence -- along with Senator Bob Corker, who was also consideredby Trump for the vice presidentialnomination -- introduced legislation in 2010 to remove the Fed’sfull-employment mandate and have the central bank focus oninflation alone.
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