Oversight of the Federal ReserveShould congress audit the Fed?
Issue Background
Key Arguments
» Yes
- With almost $800bn of new money being injected into the economy it is going to need to be accounted for and there is going to be a serious need for transparency. Holding the Fed, and all branches of government, accountable is essential for maintaining the public trust that tax payers money is being used effectively.
» No
- A congressional audit of the Fed would be more of a review over monetary policy then an accounting of procedures. This is best confined to a legislative process.
Discussion
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