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Does Mike Pence Not Want “Maximum Employment”?

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Mike Pence (R-IN) last week introduced a bill currently titled, “To amend the Federal Reserve Act to remove the mandate on the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to focus on maximum employment,” which “Amends the Federal Reserve Act to repeal the joint mandate on the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to make maximum employment one of the goals of their duty to maintain long run growth of the monetary and credit aggregates commensurate with the U.S. economy’s long run potential to increase production.

Let me boil that down a little bit. It removes a goal of the Fed to make policy that is designed to create “maximum employment.”

Why?

I’m not a lawyer, finance guy, or anything like that, so I leave it up to you. But you have to ask, if the GOP’s promise is “jobs, jobs, jobs!” why are they creating legislation that would actually take away a goal of “maximum employment?”

Here’s what I found, a report by Marc Labonte, “Specialist in Macroeconomic Policy.”

“The Federal Reserve’s (Fed’s) current statutory mandate calls for it to “promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.” Some economists have argued that the current mandate should be replaced with a single mandate of price stability. Often the proposal for a single mandate is paired with a more specific proposal that the Fed should adopt an inflation target. Under an inflation target, the goal of monetary policy would be to achieve an explicit, numerical target or range for some measure of price inflation. Inflation targets could be required by Congress or voluntarily adopted by the Fed as a way to pursue price stability, or a single mandate could be adopted without an inflation target. Alternatively, an inflation target could be adopted under the current mandate.”

“Arguments made in favor of a price stability mandate are that it would better ensure that inflation was low and stable; increase predictability of monetary policy for financial markets; narrow the potential to pursue monetary policies with short-term political benefits but long-term costs; remove statutory goals that the Fed has no control over in the long run; limit policy discretion; and increase transparency, oversight, accountability, and credibility. Defenders of the current mandate argue that the Fed has already delivered low and stable inflation for the past two decades, unemployment is a valid statutory goal since it is influenced by monetary policy in the short run, and discretion is desirable to respond to unforeseen economic shocks. A case could also be made that changing the mandate alone would not significantly alter policymaking, because Fed discretion, transparency, oversight, and credibility are mostly influenced by other factors, such as the Fed’s political independence.”

You be the judge.

Just seems to me, anything we can do to bring down a 10% unemployment rate should be job #1.

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News

‘Massive Shift’: FCC Chair Says Local TV Will ‘Decide What the American People Think’

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September 18, 2025

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Explaining the “massive shift” he intends to impose on the focus of the Federal Communications Commission, Chairman Brendan Carr announced that he will take America back to the era when local television stations shaped what the American people “think.”

“So again,” Carr told Fox News on Thursday, “we’re going back to that era when local TV stations, judging the public interest, get to decide what the American people think.”

“And again, we’re constraining the power through those actions of Disney, of Comcast. And I think the American public can be much better off. But, yeah, I don’t think this is the last shoe to drop,” he said, appearing to refer to the suspension of ABC’s Jimmy Kimmel.

READ MORE: Trump Labels Flag Burning, Organized Protests ‘Incitement to Riot’

“This is a massive shift that’s taking place in the media ecosystem, and I think the consequences are going to  continue to flow,” he declared.

On Thursday, speaking aboard Air Force One, President Donald Trump wrongly suggested that broadcast networks, licensed by the FCC, are “not allowed” to criticize him.

“When you have a network and you have evening shows and all they do is hit Trump, that’s all they do — if you go back, I guess they haven’t had a conservative one in years, or something — when you go back and take a look, all they do is hit Trump. They’re licensed. They’re not allowed to do that,” Trump said.

Carr is one of the authors of The Heritage Foundation’s Project 2025. President Donald Trump praised Carr as “a warrior for Free Speech,” CBS News reported last year.

There are few “local” television stations left in the U.S., in the sense that nearly all are owned by several major broadcast conglomerates, including Nexstar Media Group, Sinclair Broadcast Group, Gray Television, Tegna, Hearst, and Scripps.

READ MORE: ‘Corrupt Abuse of Power’: Dems Rip FCC Chair Over Kimmel Suspension

 

Image via Reuters

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Trump Labels Flag Burning, Organized Protests ‘Incitement to Riot’

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13 hours ago

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September 18, 2025

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President Donald Trump, explaining his controversial decision to attempt to label Antifa a terrorist organization, said burning the American flag is an “incitement to riot,” as are organized protests — which he claimed lead to “death.”

“They have signs and they’re all professionally made,” Trump told Fox News’ Martha MacCallum on Thursday, apparently referring to those suspected of celebrating the murder of Charlie Kirk, NBC News reported. “Real protesters make them in their basement.”

After suggesting without offering any evidence that philanthropist George Soros might be behind organized protests, Trump declared, “it’s incitement to riot. That’s a criminal act. And people are dying because of it. So it’s really, you know, it’s death.”

Speaking about his executive order to designate Antifa — which is not an organized group and it does it have leaders — a terrorist group, Trump said, “They are.”

READ MORE: ‘All They Do Is Hit Trump’: President Says Networks ‘Not Allowed to Do That’

Asked, “do you believe that there is a vast terrorist movement in the United States that people need to be aware of, and is it responsible for Charlie Kirk’s killing, for the attempts on your life, for these CEOs that we saw in New York City?” Trump replied, “You never know, and we’ll find out, maybe.”

“But in the meantime, we’re gonna do a big thing with respect to Antifa. It’s a sick group, a very, very sick group.”

“They love burning the American flag. I think it’s terrible that they burn the American flag. And we’re saying it incites riots, and therefore, you go to jail for one year, if you burn the American flag.”

The U.S. Supreme Court has ruled that it is not illegal to burn the American flag, it is a protected form of free speech.

READ MORE: ‘Corrupt Abuse of Power’: Dems Rip FCC Chair Over Kimmel Suspension

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‘All They Do Is Hit Trump’: President Says Networks ‘Not Allowed to Do That’

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15 hours ago

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September 18, 2025

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President Donald Trump has been claiming that the ABC suspended late night host Jimmy Kimmel because of poor ratings, but he shared a different thought on Thursday about what the future of network television might entail.

“When you have a network and you have evening shows and all they do is hit Trump, that’s all they do — if you go back, I guess they haven’t had a conservative one in years, or something — when you go back and take a look, all they do is hit Trump. They’re licensed. They’re not allowed to do that,” Trump said, according to CNN’s Kaitlan Collins.

The Independent added that President Trump “told reporters on Air Force One as he jets back from his State visit to the U.K. that because he won the election and networks give him ‘wholly bad publicity,’ that ‘I would think maybe their license should be taken away.'”

“It will be up to Brendan Carr. I think Brendan Carr is outstanding. He’s a patriot. He loves our country, and he’s a tough guy,” the president said, referring to the Chairman of the Federal Communications Commission.

READ MORE: ‘Corrupt Abuse of Power’: Dems Rip FCC Chair Over Kimmel Suspension

 

Image via Reuters

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