Kentucky Sen. Rand Paul (R) appeared on Glenn Beck’s radio program Thursday to respond to what Beck called a “hit piece” in Politico criticizing the senator’s push to audit the Federal Reserve.
“They bring up a lot of points that somebody like me looks at and says, ‘Well, gee, that kind of makes sense. What’s Rand talking about?’ So let’s go over these point by point,” Beck told the senator. “The article says the [Federal Reserve’s] finances are already subject to an audit by the GAO, the Government Accountability Office, the Federal Inspector General and outside audit firms.”
Paul suggested Beck watch a “really great exchange” where a congressman asked the Federal Reserve auditor during a committee hearing what was purchased with around $2 trillion. The auditor said they were “not allowed” to audit Federal Reserve bank activities.
A bill to audit the Federal Reserve’s monetary policy is just the first step in Congress taking greater control over monetary policy, its main supporter said on Thursday.