For years the GOP has wanted the business of the Fed to not be secretive and behind closed doors because the Federal Reserve Bank is the key to our country’s economy.
Senator Rand Paul has been pushing for a bill to allow congress to see how the Federal Reserve operates. This will allow our Congress to keep an eye on the Federal Reserve so they operate in the best interest of the people.
Senator Paul’s bill called “Audit the Fed” would prevent the Federal Reserve from keeping vital information from it’s operations from Congress.
The best part is that Donald Trump who has spoken out against the Fed during his campaign just put his support behind “Audit the Fed.”
— Senator Rand Paul (@RandPaul) January 4, 2017
From Rand Paul’s Press Release:
“No institution holds more power over the future of the American economy and the value of our savings than the Federal Reserve,” said Sen. Paul, “yet Fed Chair Yellen refuses to be fully accountable to the people’s representatives.”
“The U.S. House has responded to the American people by passing Audit the Fed multiple times, and President-elect Trump has stated his support for an audit. Let’s send him the bill this Congress.”
“The American public deserves more insight into the practices of the Federal Reserve,” said Rep. Massie. “Behind closed doors, the Fed crafts monetary policy that will continue to devalue our currency, slow economic growth, and make life harder for the poor and middle class. It is time to force the Federal Reserve to operate by the same standards of transparency and accountability to the taxpayers that we should demand of all government agencies.”
On January 12, 2016, a bipartisan Senate majority voted 53-44 in support of Audit the Fed.
This is a huge moment to show the country that Donald Trump and Congress can work together to get stuff done and Donald Trump hasn’t even been sworn in yet.
Share this everywhere to show that Donald Trump is already helping Congress move faster!