Rupublican leaders warn Bernanke [View All]

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http://www.boston.com/business/articles/2011/09/20/gop_leaders_fed_should_resist_new_stimulus/

WASHINGTON—In an unusual move, Republican leaders of the House and Senate are urging Federal Reserve policymakers against taking further steps to lower interest rates.

On the eve of the Fed's two-day policy meeting, the leaders sent a letter to Chairman Ben Bernanke warning that the Fed's policies could harm an already weak U.S. economy.

The letter, sent Monday, was signed by Senate Republican Leader Mitch McConnell of Kentucky, Senate Republican Whip Jon Kyl of Arizona, House Speaker John Boehner of Ohio and House Majority Leader Eric Cantor of Virginia.

The letter followed criticism from several Republican presidential candidates that the Fed's efforts to boost growth have already raised the risk of high inflation.
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