“Champion of the Middle Class” Senator Warren Opposes Audit the Fed

Today, Massachusetts Senator Elizabeth Warren publicly came out against Senator Rand Paul’s bill to Audit the Federal Reserve. Despite previous statements attacking both Wall Street and the Federal Reserve, Senator Warren’s statement appears to be written from the same tired talking points Federal Reserve supporters have been using in recent weeks to denounce Fed transparency. Warren told the Wall Street Journal:

“I strongly support and continue to press for greater congressional oversight of the Fed’s regulatory and supervisory responsibilities, and I believe the Fed’s balance sheet should be regularly audited – which the law already requires,” Ms. Warren said in an emailed statement. “But I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy.”

If you live in Massachusetts, you can contact Senator Warren by calling her DC office at (202) 224-4543.

Also, be sure to sign your petition to Audit The Fed Here.