Mitt Romney on The Federal Reserve
In January of 2010, Governor Romney stated that he supported the reappointment of Ben Bernanke to the head of the Federal Reserve. He stated that although the Federal Reserve had some blame for the housing crisis and economic problems, Ben Bernanke was the most skilled and capable person to get the country through the economic mess.
In September of 2011, Governor Romney stated in a debate that he would not reappoint Ben Bernanke if he were elected President. He noted his opposition to recent tactics, such as the quantitative easing steps.
In another debate, Governor Romney agreed with the need for greater transparency at the Federal Reserve. He stated that he would not agree with ending the Federal Reserve and he did not trust Congress with managing the responsibilities of the Fed.
Ben Bernanke Reappointment
On January 28, 2010 Governor Romney appeared on Fox News and spoke about the reappointment of Ben Bernanke to the Federal Reserve. He supports Bernanke's reappointment.
In September of 2011, Governor Romney participated in the Republican debate at the Reagan debate. He talks about his opposition to Ben Bernanke's policies.
WILLIAMS: Would Ben Bernanke have a job in your administration?
ROMNEY: No, I'd be looking for somebody new. I'm -- I think Ben Bernanke has -- has over-inflated the amount of currency that he's created. QE2 did not work. It did not get Americans back to work. It did not get the economy going again. We're still seeing declining numbers in prior quarter estimates as to what the -- the growth would be. We're growing now at 1 percent to 1.5 percent.
The plan I put forward just two days ago in Nevada will grow our economy at 4 percent per year for four years and add -- add -- 11.5 million jobs. That's a very different approach than Ben Bernanke's taken, and it's a demonstrably different approach than Barack Obama has taken, and that's in part because we have very different life experiences.
TEA Party Debate
In September of 2011, Governor Romney participated in the TEA Party debate and was asked about the federal reserve. He stated that the Federal Reserve cannot be ended because Congress cannot be trusted to handle monetary supply. He also stated that it should be more transparent.