Corker, Vitter Introduce Bill To Reestablish Price Stability As Fed’s Single Mandate

Monday, February 4, 2013

Senators Bob Corker, R-Tn., and David Vitter, R-La., both members of the Senate Banking Committee, on Monday introduced legislation to re-establish price stability as the Federal Reserve’s single mandate.

“Providing the Fed with a clear and explicit focus on keeping inflation low will serve America better than the broad, bipolar mandate it has today. The dual mandate blurs the line between fiscal and monetary policy and allows Congress to shirk its responsibility to enact sound budgets and policies that produce economic growth,” said Sen. Corker. “The best way to achieve full employment in the long-run is to provide markets certainty that long-term price stability will be maintained.”

“I’ve long argued that the Fed should just focus on inflation. With endless stimulus-type initiatives coming out of the Fed and the money printing press never ending – all under the banner of helping boost employment – the Federal Reserve should get back to its original goal. This policy strives to do just that,” said Sen. Vitter.

Stanford Economist John Taylor and St. Louis Federal Reserve President James Bullard have both expressed support for returning the Fed to a single mandate of price stability.  



Tennessee Treasury Unclaimed Property Division Helping Tennesseans Claim Money At Hamilton County Fair

In FY17, The Tennessee Treasury Department’s Unclaimed Property Division returned 43,482 claims, resulting in $48 million in missing money that was returned to its rightful owners. This marks the highest number of claims and dollars returned by the program in a single year. In an effort to continue to reunite Tennesseans with ... (click for more)

Mauldin & Jenkins, LLC Expands South Carolina Presence

Donny Luker, managing partner of Mauldin & Jenkins, LLC announced that the firm of Derrick, Stubbs and Stith, LLP, in Columbia, S.C., will join Mauldin & Jenkins, LLC. With nearly 100 years of success, Mauldin & Jenkins welcomes the opportunity to better reach its already growing clientele within South Carolina through this merger, said officials.  ... (click for more)

Lone Survivor Of Lookout Valley Massacre Says He Is 100% Sure Morse Was One Of Shooters

The lone survivor of a massacre at a Lookout Valley trailer park on April 9, 2014, testified Wednesday that he is 100 percent sure that Derek Morse was one of the two shooters. Matthew Callam said he was thrown off initially by the fact that Morse had facial hair at the time, but he said when he was shown a recent photo of Morse soon after the incident "it was like I was looking ... (click for more)

3 Firefighters Carry Unresponsive Woman From Burning Lookout Valley Home

Three Chattanooga firefighters early Wednesday morning carried an unresponsive woman from a burning house in Lookout Valley.   At  3:08  a.m., firefighters were dispatched to a house fire at 111 Centro Ave.The 911 dispatchers told the responding firefighters that someone may be trapped inside. Upon arrival, the firefighters observed smoke and flames coming ... (click for more)

Send All Ed Johnson Donations To The Greater Chattanooga Community Foundation

To all concerned, I believe there was mistake printed in a recent article stating to send donations to me at the school. I would ask that all donations be sent to the Greater Chattanooga Community Foundation to the attention of the Ed Johnson Memorial. This project is in no way affiliated with HCDE schools. All funds are housed there and are tax deductible. Mr. Savage ... (click for more)

Roy Exum: Where’s God In This?

Over half of Florida is still trying to catch its breath and now there is another murderer, one named Maria, mauling Puerto Rico this morning on her way to the United States. On August 25 Hurricane Harvey hit Texas. It killed an estimated 50 people, displaced more than a million people and damaged some 200,000 homes in a path of more than 300 miles. The bills haven’t been sent out ... (click for more)