Nomination of Ted Cruz Likely Would Reassure Investors

Barron’s compiled daily client memos from Greg Valliere, a Washington-based strategist with Horizon Investments, under the headline “Will Trump and Cruz’s Fed Feud Rattle Markets?” Subhed: “The two leading GOP candidates want to curb the Federal Reserve. Could that shake up stocks?” Valliere notes that the three living retired Fed chairmen and the current Fed chair proclaimed that the U.S. economy is not in a bubble and not close to a recession, contrary to claims that Trump-on-the-Stump recently made. He also expresses mild consternation that Mr. Trump and Sen. Cruz would favor “an audit of the Fed’s policies,” that they

Trump Says Audit the Fed

It’s only a tweet, and it’s also an excuse to bash Ted Cruz, but for the first time, the GOP front runner Donald Trump has signaled he is jumping on the “audit the Fed” bandwagon: It is so important to audit The Federal Reserve, and yet Ted Cruz missed the vote on the bill that would allow this to be done. — Donald J. Trump (@realDonaldTrump) February 22, 2016 If the economy is headed south, as some analysts think, the issue could reemerge in the general election, too. Maggie Gallagher is a senior fellow at the American Principles Project.

Rand Paul Attacks Ted Cruz in Unusual New Video

The Rand Paul Campaign continued to hammer Sen. Ted Cruz for his absence on the Audit the Fed vote, this time in the form of a strange web video. The video, titled “Audit the Ted” involves a dialogue between two cartoon characters about Paul’s commitment to auditing the Federal Reserve in an attempt to distinguish himself from Cruz: “Did you hear about audit the Fed?” the male character says in a robotic voice. “Yes, Rand Paul is trying to stop the out of control Fed,” the female character replied in an equally robotic voice. “Do others support audit the Fed

Cruz Stands by Commitment to Audit the Fed

Sen. Ted Cruz reaffirmed his commitment to auditing the Federal Reserve in an email statement to radio host Glenn Beck late Tuesday night, despite not showing up for the vote earlier that day. Facing backlash from fellow Republicans about his absence, he had this to say: I strongly support auditing the Fed. Indeed, I was an original co-sponsor of Ron Paul’s Audit the Fed bill. Unfortunately, it was clear early on that yesterday’s vote wasn’t going to succeed (it fell 7 votes short). And, at the same time that the vote was scheduled, I had longstanding commitments to be in

Ron Paul Questions Cruz’s Absence on Audit the Fed Vote

The Senate failed to pass a measure Tuesday that would have provided for the consideration of legislation to audit the Federal Reserve. Falling seven votes short of the necessary 60, Sen. Rand Paul’s (R-KY) legislation would have mandated an audit and greater transparency in monetary policy-making from the Federal Reserve. The measure had near-unanimous Republican support, with Sen. Bob Corker (R-TN) casting the only GOP ‘nay’ vote. Prior to the vote, Sen. Paul called on Sen. Elizabeth Warren (D-MA) and Democratic presidential candidate Bernie Sanders (I-VT) to vote in favor of the legislation in an attempt to put their money

Newsweek Calls the Fed a “Marquee Issue” in the Presidential Race

Newsweek offers this startling headline: “Paul, Sanders Join Forces Against Federal Reserve.” Given Sanders’s surge in the polls as a serious rival to Hillary Clinton, it is very notable that the presidential campaigns’ criticism of the Fed now has turned bipartisan. Newsweek: Senators Bernie Sanders and Rand Paul are on opposing sides in the presidential race, but the two candidates lined up together Tuesday on a bill to open the Federal Reserve to more scrutiny. The controversial proposal to “audit the Fed,” as the Paul bill was called, didn’t get the votes to move forward in the Senate. But it showcased

Sanders Joins Rand Paul in Voting Yes on Audit the Fed

In a sign of how potentially potent the issue of the Federal Reserve and monetary policy still is, the insurgent leader of the Democrats in Iowa and New Hampshire, Bernie Sanders, joined with Rand Paul and most Republicans to vote yes on Paul’s Audit the Fed bill, which was nevertheless scuttled by a majority of Democrats: Senate Democrats blocked a vote Tuesday on legislation from Sen. Rand Paul, R-Ky., that would have required an audit and greater transparency on monetary policy-making from the Federal Reserve, the powerful central banking system that sets interest rates and manages the money supply. The bill

Sen. Paul’s Audit the Fed Bill Will Be Voted on Today. Paul’s Indictment of the Fed in Time Is Strong

Now in Time Magazine, U.S. Sen. Rand Paul yesterday boldly states, in an op-ed, that “The Fed Is Crippling America.” Sen. Paul writes: On Jan. 12, Congress is scheduled to vote on the “Audit the Fed” legislation (H.R. 24/S. 264), which, if passed, would bring to an end to the Federal Reserve’s unchecked—and even arguably unconstitutional—power in the financial markets and the economy. According to Ron Paul’s Citizens For Liberty, which is putting a full court press on for Senate passage of Audit the Fed, prospects for passage are uncertain. Sen. Paul’s indictment of the Fed is very certain. Sen. Paul:

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