GOP Leaders Urge the Fed Not to Act

The Wall Street Journal reports:

Top Republican congressional leaders, in a rare effort to directly influence Federal Reserve policy, expressed reservations about the central bank taking additional steps to spur the recovery, saying further action could harm the economy.

House Speaker John Boehner (R., Ohio), Senate Minority Leader Mitch McConnell (R., Ky.), and two other GOP leaders, in a letter Monday to Fed Chairman Ben Bernanke, urged Fed officials to "resist further extraordinary intervention in the U.S. economy."

It's time to end the Fed.