Sen. Rand Paul re-introduces 'audit the Fed' bill

Section:

By Michael Flaherty
Reuters
Wednesday, January 28, 2015

Republican U.S. Sen. Rand Paul, a potential 2016 presidential candidate, on Wednesday re-introduced a bill that would expose the Federal Reserve's monetary policy discussions and decisions to a congressional audit.

The Kentucky senator's move to re-introduce the bill, along with 30 co-sponsors, comes as Republican lawmakers and some Democrats increase their efforts to rein in the U.S. central bank and make it more transparent.

The Fed gained broad regulatory powers and implemented massive stimulus measures after the 2007-2009 financial crisis, expanding its balance sheet to $4.5 trillion.

Republican U.S. Rep. Thomas Massie of Kentucky introduced a similar bill in the House of Representatives this month. ...

... For the remainder of the report:

http://www.reuters.com/article/2015/01/28/usa-fed-audit-idUSL1N0V71IH201...



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