The Federal Reserve is the central banking system of the US government. The main goal of the bank is to manage the US government’s money supply and stabilize the nation’s banks during panics and recessions. In 2015, Senator Rand Paul (R-KY) and Congressman Thomas Massie (R-KY) introduced the Federal Reserve Transparency Act of 2015 which would require the bank’s board of governors to conduct an audit and release it to Congress. An audit would determine if the accounting records the bank makes public are true and give Congress an insight into how the bank is run. Senator…
Read moreNarrow down the conversation to these participants:
Discussions from these authors are shown:
Zipcode:
Yes, but the audit should be conducted by an independent, non-governmental agency, with the results submitted in a report to Congress for review and follow-up
No, the audit should be conducted by an independent, non-governmental agency, with the results submitted in a report to Congress for review.
No, it would increase more partisanship
Yes, perhaps in some cases but it should remain independent and we should look into returning to the gold standard
Yes but make sure the Fed still remains in charge of monetary policy because we do not need that to be partisan in which will create a whole lot of problems
I am unsure about this question.
No, an audit should be conducted by an independent, non-governmental agency, with the results submitted in a report to Congress for bi-partisan review
No, the government accountability office already audits the Federal Reserve bank
Yes, but not by the members of congress - a congressionally appointed committee of financial experts.
Yes, and also federalize the Federal Reserve.
No, the audit should be completed by a neutral, non-governmental agency with the results submitted in a documented report to Congress
No, have the audit conducted instead by a non-governmental agency to avoid bias, with the results compiled in a report and presented to Congress for review
No, the audit should be conducted by a non-governmental agency to avoid bias, with the results compiled in a report and presented to Congress for review.
No, the audit should be conducted by a non-governmental agency to avoid bias, with the results compiled in a report and presented to Congress for review
No, the bank should be audited by an independent, non-governmental agency with its findings presented in a detailed report to Congress.
No, the bank should be audited by an independent, non-governmental agency with its findings presented in a detailed report to Congress
Yes, this has become necessary after the role the bank played in the 2008 fiscal crisis
No, the government accountability office already audits the bank
No, but Congress should review the periodic audits of the bank's transactions that are conducted by the government accountability office
No, but Congress should review the periodic audits that are conducted by the government accountability office which show all transactions of who the bank gave money to
No, it should be audited by a non-governmental agency with the results submitted in a report to Congress
Yes, but have the audit conducted by a non-governmental agency with the results submitted in a report to Congress
No, have the audit conducted by a non-governmental agency to avoid bias, with the results compiled in a report and presented to Congress for review
Yes, but have the audit conducted by an independent, non-governmental agency, with the results submitted to Congress in a documented report for review
No, they are already audited by the government accountability office, and the bank must remain independent of Congressional oversight in order to stabilize our financial system
Yes, but have the audit completed by an independent non-governmental agency, with the results submitted in a report to Congress for review
Yes, but have the audit conducted by an independent, non-governmental agency with the results submitted in a documented report to Congress
Loading the political themes of users that engaged with this discussion
Loading data...
Join in on more popular conversations.
