Bankers versus Rand Paul?

Five of twelve regional Fed presidents have formally opposed Audit the Fed, and now Reuters reports: A Reuters survey of 24 state banking groups has found that four are actively opposed to Audit the Fed and five would probably take a stand against the bill if it gains more support, giving the central bank an influential ally as the Fed ramps up its own public opposition. . .[T]he Ohio Bankers League. . .is sending 82 members to Washington this week [to oppose the bill]. Meanwhile, as previously reported, Sen. Elizabeth Warren has flip-flopped, recanting her support for Audit the Fed. It is

Rand’s Audit the Fed Wins New Respect

The Hill is reporting Sen. Rand Paul’s “Audit the Fed” bill is gaining momentum: “The ‘Audit the Fed’ movement has grown from an oddball pet project of former Rep. Ron Paul (R-Texas) into legislation that was passed with broad bipartisan majorities in the House two Congresses running, before stalling in Democratic-led Senates,” notes The Hill, which calls the prospect of Congress passing the measure “more real than it has ever been before.” The Hill, and presumably pro-Fed Democrats, are particularly perturbed by the fact that one Democrat, Hawaii’s Sen. Mazie Hirono, has signaled support for the bill, with an argument based not

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