Bloomberg News

Brady Says Support Growing in Congress for Fed Focus on Prices

December 15, 2011

Dec. 14 (Bloomberg) -- U.S. Representative Kevin Brady said support is growing in Congress for the Federal Reserve to limit its mandate to ensure stable prices.

“I think there is growing support for a mandate focused on price, on inflation,” Brady, a Republican from Texas and vice chairman of the Joint Economic Committee, said in an interview today with Bloomberg Television.

--Editors: James L Tyson, Gail DeGeorge

To contact the reporter on this story: Ian Katz in Washington at ikatz2@bloomberg.net.

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net


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