Republican presidential candidate Mitt Romney preemptively pushed against more federal stimulus this weekend, saying that he doesn’t think another round of monetary stimulus from the Federal Reserve would boost the economy.
“I am sure the Fed is watching and will try to encourage the economy, but I don’t think a massive new QE3 will help the economy,” Romney said in an interview with CNN that aired Sunday. “”The Fed’s first action, quantitative easing, was effective to a certain degree. But I believe that the QE2, the second round of easing, I don’t think it had the impact that they were hoping for.”
Romney’s comments echo those of many of his fellow Republicans, who have raised concerns that any additional stimulus between now and the election would boost the markets, and improve President Barack Obama’s chances for re-election.
Romney did tell CNN that he thinks “now is the time for something dramatic,” but did not specify what that action should be.
Watch the interview below, courtesy of CNN:
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