Rep. Ron Paul (R-Texas) has called the Federal Reserve an “atrocious organization” and written a best-selling book that argues it should be abolished.
Now, thanks to the GOP’s commanding victory in the midterm elections, Paul may finally have the chance to take on the central bank from the dais of a congressional hearing room.
Paul is poised to take over the Financial Services subcommittee that oversees the Federal Reserve in the next Congress. With the power of that pulpit, Paul said he hopes to shine a light on the Fed’s policies, which he has long criticized as opaque and secretive, and make the case that the bank’s monetary policies harm the U.S. economy.
Full Story: Paul poised to take on ‘atrocious’ Fed at head of Financial panel – The Hill’s On The Money