Wednesday, July 7, 2010

More Power for the Fed

 Congressman Paul's Texas Straight Talk

Last week I was pleased to see my Republican colleagues take up the cause to fully and completely audit the Federal Reserve by including my language from the Federal Reserve Transparency Act in a Motion to Recommit the financial regulation reform bill.  Although this effort was defeated by the Democrat majority, there were many good reasons to support it.   The Federal Reserve Transparency Act would eliminate restrictions on GAO audits of the Federal Reserve and open Fed operations to Congressional oversight. Additionally, audits could include discount window operations, open market operations, and agreements with foreign central banks, such …Continue reading »

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