(Bloomberg) -- Mike Pence tried to change how the Federal Reserve operates when he was a congressman. If he becomes vice president, he’ll be in a better position to help make it happen.
Before becoming governor of Indiana and now presidential candidate Donald Trump’s newly picked running mate, Pence was a key lawmaker among House Republicans whose criticism of the Fed built to a crescendo in 2010 as the central bank began a $600 billion second round of bond purchases to avert deflation and boost employment. Pence said at the 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 considered by Trump for the vice presidential nomination -- introduced legislation in 2010 to remove the Fed’s full-employment mandate and have the central bank focus on inflation alone.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
