Washington, D.C. – U.S. Congressman Kevin Brady of Texas, the top House Republican on the Joint Economic Committee, made the following statement upon today’s Statement from the Federal Open Market Committee (FOMC), which indicates the FOMC has once again deferred normalizing monetary policy.
“Today’s FOMC decision has less to do with the underlying weakness of the economy than the timidity of the Fed to take the first necessary step to normalize monetary policy. As long as the Fed remains fearful to act less it be blamed for any economic hiccup, market uncertainty will continue.”
