Mitt Romney
Photographer: WPTV
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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 This material may not be published, broadcast, rewritten, or redistributed.
Featured Stories
Click here to see the latest mugshots in Palm Beach County
Click here to see the latest mugshots in St. Lucie County.
Get the latest updates, photos and video from the devastation in Moore, Okla. Also, see how to help.
Latest News Stories
A French soldier was stabbed in the throat in a busy commercial district outside Paris on Saturday, and the government said it was trying to determine if there were any links to the brutal killing of a British soldier by suspected Islamic extremists.