Opening Statement of Vice Chairman Kevin Brady
Commissioner Hall, I want to thank you for spending your morning with us as we review the employment situation. For some time now, you’ve had the difficult job of being the bearer of bad news as many hardworking Americans have desperately sought a sustained economic recovery. You’ll be happy to know...
At This Pace When Will the Unemployment Rate Recover to Pre-Recession Level? New Jobs Report Says “Never”
Washington, DC -- The latest U.S. jobs report shows yet another lackluster month for job creation. The Bureau of Labor Statistics announced today that payroll job growth was just 80,000 for the month of October, and the unemployment rate was 9.0%, within the 9.0% to 9.2% range where it has been sinc...
Rep. Kevin Brady on September's Employment Report
“Today’s report tells us that the economy is standing still. In testimony before the Joint Economic Committee, Fed Chairman Ben Bernanke stated that overall, the recent recession was ‘even deeper’ and the recovery even ‘weaker’ than many experts anticipated.” “After you factor out the gains of...
Statement of Vice Chairman Kevin Brady
Washington, DC – Chairman Casey, I join with you in welcoming Chairman Bernanke to today’s hearing on the economic outlook. Ominous clouds are gathering. Economic growth is nearly stagnant. We have 6.8 million fewer payroll jobs today than when the recession began in December 2007, according to t...
Vice Chairman Brady's Response to Fed Reserve Action September 9, 2011
“While Americans, including elected officials, may freely express their opinions about the Federal Reserve’s actions, political interference in the independent conduct of monetary policy is wrong”. “Instead, Congress should focus its attention on what it should control. In the context of monetar...
Statement of Vice Chairman Kevin Brady
facts are just the opposite. It is the absence of an aggressive, pro-active trade agenda that leaves America falling behind its global competitors and places our manufacturers at a severe disadvantage when competing for the 95% of the world’s consumers that live outside our borders. For American ma...
Statement of Vice Chairman Brady
Washington, DC – When the Joint Economic Committee must hold a hearing on what the real debt limit is, the American people know instinctively that their federal government is borrowing too much. One does not really want to contemplate the grave consequences if creditors were to lose faith in the fe...
Announcement of hearing, JEC
Representative Kevin Brady (R-TX), Vice Chairman of the Joint Economic Committee, and ranking Senate Republican Jim DeMint (R-SC) today announced that the JEC will hold a hearing to examine the effects the mounting federal debt may have on the U.S. economy. The hearing will convene on Tuesday, Septe...
Vice Chairman Brady's Response to the President's Job Speech
“The President’s message was powerful and clear: ‘Government made America great and government can make it great again.’ This misguided view explains why two years after the recession ended Americans are still left suffering with a second-rate economy that’s held up to ridicule by the world as our...
No Job Growth in August is More Proof President's Economic Policies Failing America
Washington, DC – Heading into the Labor Day weekend, America's economic outlook remains grim. In August the unemployment rate stayed unchanged at 9.1% with no job growth. August’s payroll job growth rate of zero is shocking. The American economy needs to create at least 130,000 jobs each month jus...
