House Passes ‘Audit the Fed’ Bill – Congressional Investigators to Audit Federal Reserve
House Passes ‘Audit the Fed’ Bill – Congressional Investigators to Audit Federal Reserve
The aim of the House oversight committee audit is to bring accountability to the independent central bank, which plays a huge part in how well our economy performs.
…The House oversight committee voted Wednesday to demand a broad audit of the Federal Reserve System by c — a major move that lawmakers said is designed to bring accountability to the murky workings of the independent central bank.
The bill was sponsored by Rep. Ron Paul, the Texas Republican who turned the push for an audit into a powerful presidential campaign slogan and whose criticism of the Fed’s monetary policy drew hundreds of thousands of voters into the political process.
It passed by voice vote, signaling the growing sense among lawmakers that the time has come for a full review.
“Clearly the Fed must be
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