Warren Opposes “Congressional Meddling” ‘Audit The Fed’ Bill

peoples trust toronto

It would appear the powers that be are getting nervous. Yesterday, Fed Governor Jerome Powell (and Fisher and Plosser) stepped up the central bank’s push against what he termed congressional efforts to extend political influence over monetary policy, calling them “misguided” and “in violent conflict with the facts.” Today we have Senator Elizabeth Warren trying to sound supportive of transparency but proclaiming that she opposes Rand Paul’s “Audit The Fed” Bill because it promotes “congressional meddling in the Fed’s monetary policy decisions.”

Desperate to appear a huge opponent to Wall Street (and The Fed) Warren begins… (as Bloomberg reports)

while she “strongly” supports greater congressional oversight of Fed’s regulatory and supervisory responsibilities

Then retraces and hinders the efforts to bring transparency…

[Warren] opposes current version of Fed audit legislation because it promotes “congressional meddling in the Fed’s monetary policy decisions,” according to e-mailed statement from Warren office.

Such meddling risks…

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