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Perry says Fed playing politics with money

Texas Gov. Rick Perry on Monday broadly attacked the Federal Reserve, accusing the agency of manipulating currency for political gain.
Image: U.S. Republican presidential candidate Texas Governor Rick Perry attends a campaign stop in Cedar Rapids, Iowa
Texas Gov. Rick Perry attends a campaign stop in Cedar Rapids, Iowa, on Monday.Jim Young / Reuters
/ Source: NBC News

Texas Gov. Rick Perry on Monday broadly attacked the Federal Reserve, accusing the central banking system of manipulating currency for political gain.

"Printing more money to play politics at this particular time in American history is almost treacherous or treasonous in my opinion," Perry, who officially entered the GOP presidential race on Saturday, said in his first full day of campaigning.

He went on to say that promoters of such an idea — hinting but not naming Fed chief Ben Bernanke specifically — would get an "ugly" treatment in his home state of Texas.

Perry made the comments in response to a question from the audience at a county Republican Party fundraiser about what he would do with the Federal Reserve.

"We have tried to print the money and it didn't work. All it has done is devalue the American dollar," he told reporters after the event.

Perry told members of the media that his comment about the "treasonous" printing of money was directed specifically at the Fed, not at President Barack Obama.

But Perry also declined earlier to say whether he believes the current president loves America.

"You need to ask him," he said.