Former Alaska Gov. Sarah Palin is deeply concerned about the Federal Reserve’s plan to buy $600 billion worth of U.S. bonds to boost the economy, placing the former vice presidential candidate in line with Germany in questioning U.S. monetary policy.
Palin is expected to demand that Federal Reserve Chairman Ben Bernanke “cease and desist” the stimulus injection, according to National Review Online, which said it obtained snippets of Palin’s prepared remarks scheduled for Monday before a trade association in Phoenix.
Her comments were to come as tensions over the U.S. monetary policy have flared ahead of the Group of 20 industrial and developing nations set for later this week. President Barack Obama will attend. German leaders have sharply questioned the U.S. economic policies and have accused the country of devaluing its currency to boost exports.
Palin said the plan will be paid for by printing money “out of thin air.” Dow Jones Newswires
