The Fed Is Nervous

 

The club of U.S. central bankers appears jittery, but it’s not because of interest rates, unemployment, or mortgage-backed securities. It’s because of Congress.

The Fed appears particularly nervous that Congress will pass Rand Paul’s audit bill and some version of the Federal Reserve Accountability and Transparency Act (the FRAT Act).

Alan Blinder, a former vice chair at the Fed, recently took to the pages of the Wall Street Journal to blast the idea of restricting the Fed with, among other things, the FRAT Act.

Richard Fisher and Charles Plosser, presidents of Federal Reserve District Banks in Dallas and Philadelphia, respectively, criticized the audit idea in an interview with The Hill last week.

***ACTION ALERT: Sign the petition below to tell Congress to "Audit the Fed" today! Read more at Forbes

Tell Congress to Audit the Fed

Tell your Representative and Senators to cosponsor H.R. 24 and S. 264, "The Federal Reserve Transparency Act."   [+] more
Compose Your Message
Recipients
  • Officials who did not sponsor/co-sponsor the bill H.R. 24 (U.S.-114)
  • Officials who did not sponsor/co-sponsor the bill S. 264 (U.S.-114)

Since its creation, the Federal Reserve has recklessly devalued the American dollar by pumping money into our economy.

Not only has the Fed made backroom deals with financial institutions, both domestic and abroad, but they refuse to disclose the details of these deals to Congress or the American public.

H.R. 24, Congressman Thomas Massie's "Audit the Fed" bill was introduced in the House on January 5th, 2015. It's companion bill, S. 264, was introduced by Senator Rand Paul's on January 27th, 2015 in the Senate. These bills open the Federal Reserve's books to the Government Accountability Office for full audit, demanding full transparency from the Fed for the first time since its inception.

I urge you to immediately cosponsor the "Audit the Fed" bill applicable to your chamber.

Thank you in advance for taking action to bring much needed transparency to the Federal Reserve.

http://americanactionnews.com/articles/the-fed-is-nervous