Congressman Robert Hurt questions Federal Reserve Chair Yellen on monetary policy

Congressman Robert Hurt (R-Va.) released the following statement after the Committee on Financial Services held a hearing on Tuesday entitled, “Monetary Policy and the State of the Economy.”

Robert_Hurtfederal reserve Board Chair Janet Yellen, who was sworn in on Feb. 3, testified at the hearing for the first time in her new capacity.

“I appreciate Chair Yellen coming to testify before Congress on the Federal Reserve’s conduct of monetary policy and the state of our economy.  However, my concerns with much of the Federal Reserve’s approach to their policies remain.

“The bottom line is that the Federal Reserve’s monetary and regulatory policies are harming those Americans living on fixed incomes and are disproportionately impacting main street banks and community financial institutions.  These policies harm those saving for retirement and restrict access to credit and impose higher costs on those attempting to grow their businesses or increase production on their farms.

“Furthermore, like President Obama’s $1 trillion failed stimulus package, the Federal Reserve’s $4 trillion monetary stimulus has failed to grow our economy.  Hardworking taxpayers are instead experiencing the slowest economic recovery in since World War II.  10.4 million Americans are unemployed and a record number of families are living in poverty.  Instead of indiscriminate monetary policy, we need to focus on enacting pro-growth policies that promote economic opportunities for all Americans.

“I look forward to continuing to work with my colleagues on the Financial Services Committee to encourage policies that will get our fiscal house in order and spur economic growth.”



augusta free press
augusta free press news

UVA Basketball Fans!

uva basketball team of destiny
Team of Destiny: Inside Virginia Basketball’s Run to the 2019 National Championship, by Jerry Ratcliffe and Chris Graham, is available for $25. The book, with additional reporting by Zach Pereles, Scott Ratcliffe, and Scott German, will take you from the aftermath of the stunning first-round loss to UMBC in 2018 through to the thrilling overtime win over Texas Tech to win the 2019 national title, the first in school history.

Dick Vitale on Team of Destiny: “This is a hoops story you will LOVE! Jerry and Chris capture the sensational and dramatic championship journey by Tony Bennett and his tenacious Cavalier team. UVA was Awesome Baby and so is this book!”

Ralph Sampson on Team of Destiny: “Jerry and Chris have lived and seen it all, even before my time. I highly recommend this book to every basketball fan across the globe. This story translates to all who know defeat and how to overcome it!”

Buy here.

AFP Business

As professional consultants, Augusta Free Press LLC provides clients in the Shenandoah Valley and Central Virginia and beyond with marketing and PR solutions including website design, SEO, TV/radio, video work, branding and logos, social media and overall marketing campaign design and implementation. Augusta Free Press LLC was founded in 2002.

Web Design

Augusta Free Press has designed more than 800 websites for clients in the Shenandoah Valley and Central Virginia. We take care of all facets of web design – visual design, layout design, content development and SEO. Short on staff? We’ll work with you to update your AFP-designed website in a timely manner or train your staff to make changes.

Marketing/Social Media Management

Augusta Free Press manages advertising campaigns for small- and medium-sized businesses across Virginia. You don’t need to hire a full-time marketing coordinator. Bring the experience of the Augusta Free Press team to work for you – for a fraction of the cost.

Graphic Design

Augusta Free Press will help you take your vision to the next level. From branding and logos to print materials, our team will work with you to develop products to showcase your business. From brochures and rack cards to full-color magazines or print/digital ads, we’ve got you covered.

Event Planning/Fundraising

Augusta Free Press will help you plan the best event for your organization. From an open house or anniversary to a 5K or Pay Per View, we can handle it all. Looking for training for your sales staff? We can help energize your employees or board. Need ideas to raise more money? Let us help you plan a successful event. Want to hold a news conference or need help with a press release? We can do that too.

Click here for more.