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Trump running mate Pence would up the ante on Federal Reserve reform

Before becoming presidential candidate Donald Trumps running mate, Mike Pence was a House Republican whose criticism of the Fed built to a crescendo in 2010.

By Scott Lanman | Updated on July 18, 2016
Before becoming presidential candidate Donald Trump’s running mate, Mike Pence was a House Republican whose criticism of the Fed built to a crescendo in 2010. (Photo: AP)

(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.

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