It's time to stop the extraordinary intervention into the economy now that the goals of that work are beginning to show success, Chamber of Commerce CEO Thomas Donohue said Sunday.

"This is a most extraordinary time," Donohue said on "Fox News Sunday," where he defended the Chamber's new Campaign for Free Enterprise, announced this past week.

"It's time to say, 'We've gone there, but now it's time to stop,'" he said.

Donohue said the Chamber's campaign is "positive," and represents the cornerstone of the business group's beliefs. In his words, the campaign is about "tak[ing] a breath and come back."

The Chamber leader castigated the Obama administration's proposed regulations on executive compensation, as well as the Employee Free Choice Act (EFCA), the labor legislation to which his organization has long been opposed.