POLITICS
09/13/2012 02:08 pm ET Updated Sep 13, 2012

Mitt Romney Adviser Criticizes Fed's Third Round Of Quantitative Easing

FAIRFAX, Va. -- A top adviser to Mitt Romney on Thursday criticized the Federal Reserve's decision to launch a third round of quantitative easing.

Lanhee Chen, Romney's top policy adviser, issued this statement through the campaign:

The Federal Reserve's announcement of a third round of quantitative easing is further confirmation that President Obama's policies have not worked. After four years of stagnant growth, falling incomes, rising costs, and persistently high unemployment, the American economy doesn't need more artificial and ineffective measures. We should be creating wealth, not printing dollars. As president, Mitt Romney will enact bold, pro-growth policies that lead to robust job creation, higher take-home pay, and a true economic recovery.

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