Statement by Newt Gingrich on Federal Reserve Announcement

Newt Gingrich released the following statement reacting to the Federal Reserve's bond purchasing and selling announcement:

"The Federal Reserve should not be making economic policy. As President, I will send to Congress legislation that returns the institution to its proper, limited role of stabilizing prices and preventing rampant inflation."

########## In June 2011, Newt delivered a speech at the Atlanta Press Club calling for an audit of the Federal Reserve and a return to its original role. Read it here. He also released a video and petition calling for an audit of the federal reserve. See it here.