Federal Reserve Rejects Audit

Federal Reserve Rejects Audit

Recently, efforts to audit the Federal Reserve have been gathering steam on both sides of the political aisle, as both Republicans and Democrats are expressing their frustrations with the nearly complete lack of transparency and accountability during an unprecedented time of activity from the Fed. Congressman Ron Paul has been calling for this for years, and his Federal Reserve Transparency Act, of which I'm a cosponsor, is expected to be examined during a full committee hearing of the Financial Services Committee this Friday.

Coincidentally, that same night, Dr. Paul is holding a student town hall at the University of Minnesota to...