WASHINGTON, D.C.—Last week, Congressman Warren Davidson (R-OH) announced the creation of the Congressional Sound Money Caucus.
Rep. Andy Barr (R-KY) will serve as co-chairman for the group, which also includes Reps. Kevin Brady (R-TX), Ted Budd (R-NC), and Lee Zeldin (R-NY).
The Sound Money Caucus is dedicated to promoting sound fiscal and monetary policy in the United States and maintaining the U.S. dollar as the world’s reserve currency. Monetary policy, especially since the 2008 financial crisis, coupled with the recent federal fiscal response to coronavirus has inflated asset prices, contributed to the wealth gap, and weakened the U.S. dollar as a store of value.
Davidson announced the new caucus on the floor of the House last Friday.
“I’m pleased to announce the formation of the Congressional Sound Money Caucus. We already have a great core group of members who are leaders in this area, who understand how important it is for the U.S. dollar to be an enduring store of value and an efficient means of exchange. I look forward to hashing out policy solutions to address the economic distortions of monetary inflation, so that monetary and fiscal policy can help rebuild the middle class, restart the American economy, and get us on a path for sustainable growth.”