Pryce Welcomes Bernanke Testimony
Chairman Inspires Confidence, Pledges Continuity
WASHINGTON, D.C.–Congresswoman Deborah Pryce (R-Upper Arlington), fourth-ranking member of the House Financial Services Committee and Chair of the Domestic and International Monetary Policy Subcommittee, today released the following statement upon the conclusion of the testimony from Chairman Bernard Bernanke of the Federal Reserve Board of Governors about the conduct of our nation’s monetary policy:
“Market economies are predicated upon predictability and stability, and I am pleased to hear Chairman Bernanke pledge to seek continuity with Chairman Greenspan’s successful approach to economic management – low, stable inflation, flexibility, and greater openness.
“By any objective measure, our economy is strong and getting stronger. The tax cuts enacted in May of 2003 continue to create jobs, enhance federal revenue, and incite economic growth. While federal spending and our national debt remain daunting challenges, Congress was recently successful in reducing our deficit by nearly $40 billion, and will continue to embrace measures that bring our books back into balance.
“This Congress is committed to sustained economic expansion, and it is evident that the new Chairman shares in or fervor to keep our economy robust, internationally competitive, and inclusive of all Americans.”
Highlights of America’s Economic Success: