Tag Archive: Fed mobilizes against Rand Paul’s audit legislation

Fed mobilizes against Rand Paul’s audit legislation

Fed mobilizes against Rand Paul’s audit legislation Paul’s bill would undo the exemption that shields monetary policy from GAO audits The Federal Reserve is mobilizing against Sen. Rand Paul’s increasingly popular effort to audit the central bank. “This is about interfering with the making of monetary policy. I respect the gentleman from Kentucky, but he’s wrong,” said Federal Reserve Bank of Dallas President Richard Fisher on Fox Business Monday evening. “We are audited out the wazoo.” Fisher was one of several Fed officials to speak out Monday against Paul’s bill to have the Government Accountability Office audit the Fed’s monetary… View Article