Friday
Jan302015
U.S. Senate banking chair says he's interested in Fed audit
Friday, January 30, 2015 at 10:44AM 
(Reuters) - The new Republican chairman of the U.S. Senate Banking Committee said on Thursday he was "very interested" in requiring a government audit of the Federal Reserve and its portfolio.
U.S. Senator Richard Shelby, an Alabama Republican, said in an interview with Bloomberg TV that Congress should not function as an extra Fed governor, but it should have some oversight of monetary policy decisions.
The subject of auditing the Fed re-emerged this week after U.S. Senator Rand Paul, a Kentucky Republican and potential 2016 presidential candidate, introduced an "Audit The Fed" bill with 30 co-sponsors.
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