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Rand Paul introduces bill to audit Federal Reserve

Thank you Rand Paul ! At least it’s a good start, we’ll see if anything constructive comes of it this time. Prognosis —-> Doubtful 🙁

FRANKFORT, Ky. (AP) — Republican U.S. Sen. Rand Paul of Kentucky has followed through on a campaign promise by filing legislation calling for a full audit of the Federal Reserve.

Paul filed the bill Wednesday. It is similar to a measure pushed by his father, Republican U.S. Rep. Ron Paul of Texas.

Republican Sens. Jim DeMint of South Carolina and David Vitter of Louisiana signed on as co-sponsors of Paul’s bill.

Paul, who said during his campaign last year that he would push for an audit of the Federal Reserve, said Wednesday the agency’s monetary policies need a critical look.

The bill would remove restrictions now in place that prevent the Government Accountability Office from conducting Federal Reserve audits.

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