“Paul is one of the few that seems to get that the FED has a nasty habit of exacerbating and making worse much if not most of our economic woes. It is an unaccountable and powerful government entity that needs accountability and limitations put on it”.
No. The Federal Reserve is a private entity (bank). This entity is not subject to FOIA reporting requirements, which is which Paul’s bill is necessary. Read The Creature at Jekyll Island.
If the Fed is a private entity, why does the President of the United States appoint its Chairman who greatly determines the course of monetary policy in the U.S.?