Kentucky Senator Rand Paul has carried on his father’s torch by recently demanding an audit of the Federal Reserve.
Initially started by Congressman Ron Paul, Audit the Fed has gained increased popularity over time.
Now, Senator Rand Paul is spearheading this cause in the U.S. Senate.
— Senator Rand Paul (@RandPaul) August 21, 2019
Paul has been a long-time proponent of a Fed audit, and in January he reintroduced legislation to task the General Accounting Office to look at the central bank’s books.
On Wednesday, President Trump attacked the Fed over recent stock-market numbers that have raised speculation about the U.S. entering a recession. He told reporters before a speech for veterans in Kentucky:
The Federal Reserve has let us down.
They did quantitative tightening. They shouldn’t have done the tightening — and they should not have raised it.
Trump concluded, “We could have had some raises, but nothing like they did.”