{"id":62241,"date":"2017-01-06T06:26:40","date_gmt":"2017-01-06T10:26:40","guid":{"rendered":"https:\/\/stateofthenation2012.com\/?p=62241"},"modified":"2017-01-06T06:30:53","modified_gmt":"2017-01-06T10:30:53","slug":"republican-audit-the-fed-bill-set-to-pass","status":"publish","type":"post","link":"https:\/\/stateofthenation2012.com\/?p=62241","title":{"rendered":"Republican \u2018Audit The Fed\u2019 Bill Set To Pass"},"content":{"rendered":"

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by Baxter Dmitry
\nYourNews Wire<\/span><\/p>\n

Controversial legislation to subject the Federal Reserve\u2019s monetary policy powers to outside scrutiny is getting new life in Washington.<\/strong><\/p>\n

Rep. Thomas Massie (R-Ky.) and Sen.\u00a0Rand Paul\u00a0(R-Ky.) have re-introduced legislation to \u201cAudit the Fed,\u201d after a similar effort stalled in the last Congress.<\/p>\n

The Hill reports<\/a> that the\u00a0proposal, which has been vocally opposed by Federal Reserve Chairwoman Janet Yellen, faces\u00a0its best odds ever of becoming law. Both chambers are controlled by Republicans long critical of the Fed\u2019s policies, and President-elect\u00a0Donald Trump\u00a0has heaped scorn on the central bank since the beginning of his presidential campaign.<\/p>\n

Paul specifically mentioned Trump in a statement about the bill Wednesday, making clear the measure\u2019s proponents believe they have an ally in their cause coming to the White House.<\/p>\n

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President-elect @realDonaldTrump<\/a> has stated his support for #AuditTheFed<\/a>. Let\u2019s send him the bill this Congress. https:\/\/t.co\/1twVBMv37u<\/a><\/p>\n

— Rand Paul (@RandPaul) January 4, 2017<\/a><\/p><\/blockquote>\n