Ron Paul to Head Domestic Monetary Policy Subcommittee

Ron Paul, who has written books and bills calling to “End the Fed” finds himself as the new head on the Domestic Monetary Policy Subcommittee.

CBS News reports:

Republican Rep. Ron Paul of Texas, one of the most outspoken critics of the Federal Reserve, will lead a congressional panel next year with oversight over the central bank.

Paul, who wrote a book entitled “End the Fed,” told Bloomberg Television in an interview this morning that he will “not really, not right up front” push for an end to the Fed.

“But obviously that’s the implication,” he added. Paul said he will first focus on oversight.

In a Bloomberg report, Baucus had this to say:

House Financial Services chairman-elect Spencer Bachus, an Alabama Republican, selected Paul, 75, to lead the panel’s domestic monetary policy subcommittee when their party takes the House majority next month, the committee chairman said today.

“This is the leadership team that crafted the first comprehensive financial reform bill to put an end to the bailouts, wind down the taxpayer funding of Fannie Mae and Freddie Mac, and enforce a strong audit of the Federal Reserve,” Bachus said in a statement.

Paul, in an interview last week, said he plans a slate of hearings on U.S. monetary policy and will restart his push for a full audit of the Fed’s functions.

“We are ready to hit the ground running, and I look forward to continuing our work in the next Congress,” Bachus said.

This will certainly be interesting to follow!

Leave a reply

Don't forget to check out the recent podcast and subscribe! Stay alert and follow to know the moment the show is LIVE.

Disclosure of Material Connection: Some of the links found on this website are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. Regardless, I only recommend products or services I use personally and believe will add value to my listeners and readers. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”