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In a letter to leaders on the Senate Banking Committee and House Financial Services Committee, the economists say a bill proposed by Rep. Ron Paul (R., Tex.) and Alan Grayson (D., Fla.) to let the GAO review Fed monetary policy would do “serious harm to the economy.” They warn increased congressional oversight would harm the Fed’s independence and ability to fight inflation.
Bernanke and his fascist cronies are running scared, its time to go in for the kill.
Academics Spar With Populists Over Fed Audits - Real Time Economics - WSJ