ICYMI: Hensarling Talks Republican Economic Success on Fox News
WASHINGTON–U.S. Congressman Jeb Hensarling (TX-5) recently joined Fox News Channel’s Sunday Morning Futures with Maria Bartiromo.
Addressing the Stock Market’s Relationship with the Economy: “The Federal Reserve has built up a huge, bloated balance sheet. At some point, that has to unwind. We cannot have artificially low interest rates. The good news is if there is a good time to unwind this balance sheet, it’s now when the underlying economy and fundamentals are so strong.”
What Works: “The Tax Cuts and Jobs Act is working. Regulatory reform is working. I think the economy will be really strong. The Fed has a tough job, they’re going to have to balance it and ensure they can keep inflation in check, and not put a wet blanket over a growing economy.”
When We Will Feel Regulatory Rollback: “The truth is, a year in to the Trump Administration, there are still so many offices that President Trump has been unable to get confirmed through the United States Senate because Democrats are dragging their feet. In some respects, you are only seeing the leading edge of the tax reform plan, the leading edge of regulatory reform…Six of the worst seven regulatory years in our history took place under the Obama Administration.”
Regulations Mean Trouble For Americans: “I had one businessman tell me ‘my whole business depends on what side of the bed a bureaucrat wakes up on.’ It is an erosion of the rule of law, having to actually calculate political risk in the United States of America. It was the cost. It was the complexity. It was the uncertainty of it all. That is going away under the Trump Administration.”