House Committee Passes Bill To “Audit The Fed”
by Tyler Durden
Mar 28, 2017 3:34 PM
The Republican-controlled Committee on Oversight and Government Reform approved a bill earlier today to allow for a congressional audit of the Federal Reserve’s monetary policy, a proposal Fed policymakers have opposed and likely faces a difficult path to final approval in the Senate. Under the bill, the Fed’s monetary policy deliberations could be subject to outside review by the Government Accountability Office.
While similar bills have garnered some support from Democrats in the past, they uniformly spoke against the current proposal during a meeting of the House of Representatives suggesting the current iteration would face stronger resistance from an increasingly polarized environment in Washington D.C..
related post via R3publican – Rand Paul introduced Audit the Fed Bill 2017