Romney says the Federal Reserve shouldn't use new stimulus measures to boost sluggish econony

Romney vows to create 12 million jobs

Mitt_Romney_in_West_Pa27cff93f-6ee3-489d-b758-77866b3e119b0000_JPG

Mitt Romney
Photographer: WPTV
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Posted: 08/04/2012

   WASHINGTON (AP) -- Mitt Romney says the Federal Reserve shouldn't use new stimulus measures to boost the still-sluggish economy.

   The Republican presidential hopeful says he doesn't think another round of stimulus would help the economy, arguing that previous measures didn't work.

   Romney tells CNN's "State of the Union" in an interview scheduled to air Sunday morning that business incentives are preferable to more government intervention.

   The Fed held off last week on taking further action to boost economic growth, but indicated those measures could be announced in the near future. The Fed also opted to keep interest rates near zero in an attempt to keep borrowing costs low.

   Romney also doubled down on his vow to create 12 million new jobs during his first term, calling that goal realistic and achievable.

Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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