Iain Murray and I have a piece in today’s American Spectator breaking down the new paper we co-wrote with John Berlau about questions we would like Janet Yellen to answer, whether in her confirmation hearing or elsewhere. The main point is transparency:
Transparency is essential for a public body that takes
trillion dollar decisions. We need to know what she feels about the possibility
of auditing the Fed. Indeed, Senator Rand Paul has already announced that he will
place a hold on her nomination until he sees some progress with his Federal
Reserve Transparency Act bill — something that Senate Majority Leader Reid used to support. If and
when Professor Yellen does come before a confirmation hearing, Senators need to
make her views on these questions transparent to the nation too.
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