Ron Paul - October 8, 2014
Clearly, the Federal Reserve has failed its dual mandate. It has failed to keep inflation low and has failed to keep the United States at full employment.
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Since the 2008 financial crisis, we have seen Wall Street boom, while so many Americans struggle to put food on the table. We were told that the only way to save the economy was for the Federal Reserve to print massive amounts of new money through so-called “Quantitative Easing.” We were told unemployment would be low. Yet here we are, six years later, and the Federal Reserve’s unprecedented economic experiment has made matters worse.
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The American people should know and deserve to know what the Federal Reserve is doing to our money and our nation’s economic future.
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It is time for Harry Reid to listen to the American people and hold a vote on Audit the Fed. One hundred years of failure is too long to allow the Federal Reserve to continue to operate in secret.
I urge Harry Reid to do the right thing and hold a vote on S.209, “Audit the Fed.”...