Ron Paul to Be Appointed Committee Chair Overseeing Federal Reserve

Posted on | November 28, 2010 | No Comments

Ron Paul to Be Appointed Committee Chair Overseeing Federal Reserve

In one of the best moves the Republicans have made in a long time, they are poised to give committee chairmanship to Congressmen Ron Paul in order to oversee the operations of the Federal Reserve.

From the Hill.com:

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.

Speculation has swirled that Paul would immediately use his subpoena powers as chairman of the subcommittee to compel testimony from Federal Reserve officials, but in an interview with The Hill, the Texas lawmaker said he has other plans.

We look forward to the day Congressman Paul is able to question power

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