Should Congress have the power to audit the Fed?

Jul 31 2012

Federal Reserve Chairman Ben Bernanke appears before the House Financial Services Committee to deliver his twice-a-year report to Congress on the state of the economy, Wednesday, July 18, 2012. Bernanke sketched a bleak picture of the U.S. economy yesterday at the Senate Banking Committee warning it will darken further if Congress doesn't reach agreement soon to avert a budget crisis. (AP Photo/J. Scott Applewhite)It is often said that the Chairman of the Federal Reserve is the second most powerful person in the world, with unrivaled influence and clout domestically and abroad.


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