{"id":1983528,"date":"2023-07-26T18:45:02","date_gmt":"2023-07-26T22:45:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desantis-says-federal-reserves-job-is-not-to-be-an-economic-central-planner\/"},"modified":"2023-07-26T18:46:14","modified_gmt":"2023-07-26T22:46:14","slug":"desantis-says-federal-reserves-job-is-not-to-be-an-economic-central-planner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desantis-says-federal-reserves-job-is-not-to-be-an-economic-central-planner\/","title":{"rendered":"DeSantis: Fed&#8217;s role is not to be an economic planner."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdesantis-says-federal-reserves-job-is-not-to-be-an-economic-central-planner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1983528&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Gov. Ron DeSantis Criticizes Federal\u200c Reserve for Overstepping Its Role<\/h2>\n<p>In a fiery\u2062 speech delivered at the American Legislative Exchange Council&#8217;s annual meeting in Orlando, Florida, Gov. \u2063Ron DeSantis (R-FL) took aim at the Federal Reserve for its \u200crecent decision to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/morgan-stanley-threat-of-high-inflation-is-real\/\" title=\"Morgan Stanley: Threat of high inflation is real\">raise interest rates<\/a>. DeSantis argued \u2064that the central bank&#8217;s\u2062 job should be \u200cfocused solely on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desantis-says-federal-reserves-job-is-not-to-be-an-economic-central-planner\/\" title=\"DeSantis: Fed's role is not to be an economic planner.\">maintaining stable prices<\/a>, rather than attempting to act as an \u200d&#8221;economic \u2064central planner.&#8221;<\/p>\n<blockquote>\n<p>&#8220;Their job at the Fed should simply be to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/progressives-determined-to-accept-higher-inflation\/\" title=\"Progressives Determined to Accept Higher Inflation\">maintain stable prices<\/a>, not to be an economic central planner, not \u2063to worry\u200b about\u2064 social issues or climate change or any of that stuff,&#8221;\u2064 DeSantis emphasized.<\/p>\n<\/blockquote>\n<p>DeSantis\u2062 went\u200c on to criticize the Federal Reserve for\u200c its\u200d handling of inflation, accusing them of printing too much money and downplaying the severity of the\u200c issue. He stated, &#8220;They&#8217;ve\u2064 dropped \u2062the\u2063 ball first by printing \u2063too much [money] but then also trying to act like the inflation was transitory when it was obvious this was going to be\u2063 an issue.&#8221;<\/p>\n<p>Despite his criticism of\u2062 the Federal Reserve, DeSantis took the opportunity to highlight Florida&#8217;s economic achievements, particularly its no-income-tax policy.\u2062 He praised the state&#8217;s commitment to fostering a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/a-place-that-values-opportunity-security-and-freedom-gov-bill-lee-explains-why-americans-are-drawn-to-tennessee\/\" title=\"\u2018A Place That Values Opportunity, Security, And Freedom:\u2019 Gov. Bill Lee Explains Why Americans Are Drawn To Tennessee\">business-friendly environment<\/a> and \u2063emphasized the\u2064 positive impact it has had on Florida&#8217;s\u200c economy.<\/p>\n<h3>Fed Raises\u2064 Interest \u2064Rates in Effort to Combat Inflation<\/h3>\n<p>On the same day as \u200cDeSantis&#8217; speech, the \u200dFederal Reserve \u2064announced a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bostic-says-fed-could-hike-a-half-point-in-march-if-inflation-strengthens\/\" title=\"Bostic Says Fed Could Hike a Half-Point in March If Inflation Strengthens\">quarter-point increase<\/a> in its key interest rate, bringing it \u200dto the highest level in 22 years. This \u2063decision was made in\u200c response to the ongoing issue\u2063 of \u2062historic inflation, with the aim of increasing borrowing costs to\u200c curb rising prices.<\/p>\n<blockquote>\n<p>Fed Chairman Jerome Powell explained, &#8220;Given the resilience of the\u2062 economy recently,\u2064 they\u200b are no longer forecasting a recession.&#8221;<\/p>\n<\/blockquote>\n<p>The rate hike is \u200dexpected to have\u200b a significant impact on the \u200ceconomy, with \u200dthe central bank \u200cprojecting a slowdown in growth but\u200d no longer predicting a recession. This move by the Federal Reserve marks a\u2064 pivotal moment in\u200b the ongoing battle against inflation.<\/p>\n<p>To learn more about this topic, <a href=\"https:\/\/www.washingtonexaminer.com\">click here<\/a> to read \u200bthe full article from\u2062 The\u2062 Washington Examiner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gov. Ron DeSantis (R-FL) slammed the Federal Reserve for raising interest rates, stating it should not act as an economic central planner. He criticized the Fed&#8217;s role in exacerbating record inflation, referring to it as a significant contributor to the problem. DeSantis conveyed his concerns during a recent address.<\/p>\n","protected":false},"author":1,"featured_media":1983529,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1983528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1983528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1983528"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1983528\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1983529"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1983528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1983528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1983528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}