Dear Mr. Broyles:

Thank you for responding with your questions and comments for the Subcommittee on Domestic Monetary Policy and Technology’s hearing on March 17.  I greatly appreciate you taking the time to respond.

Given our economic condition, this issue is a huge concern.  Prior to the last Subcommittee meeting, I received roughly 1,000 Eastern North Carolinians’ thoughts and questions.  Again, the responses were numerous.  I enjoy hearing your thoughts and ideas and I will continue to reach out for your feedback throughout the year.

Some who wrote in supported the Federal Reserve’s policy of “Quantitative Easing”.  However, most wrote in with grave concerns on how they will maintain their standard of living.  People in  Eastern North Carolina and around the world are being squeezed at the gas pump and the grocery store as they struggle to make ends meet in a world in which their salaries have no chance of keeping up with Mr. Bernanke’s printing presses. Many of the messages I read echoed these same everyday struggles at the gas pump and grocery store.  The Fed’s dangerous, inflation-creating, money-printing policies are severely damaging  America ‘s consumers at a time when they can least afford it.

While I was only able to ask the panel of witnesses a few of the questions submitted, please know that I and my staff read each and every one of the messages sent in.  Further, I have tried to share the sentiments (including those of folks who disagree with my criticisms of the Federal Reserve) with my colleagues, and with the staff of the House Financial Services Committee.  I assure you this topic is of the utmost importance, and I will keep your questions and concerns in mind as we continue this fight.

Thank you again for taking the time to share your thoughts.  If I can be of further assistance, please do not hesitate to contact me.

 
Sincerely,

Walter B. Jones
Member of Congress