Congress Must Retake Policy Lead From Fed, Paul Says

Law360, New York (May 8, 2012, 2:30 PM EDT) -- Republican presidential candidate Ron Paul, the Federal Reserve’s chief critic in Congress, said Tuesday that the nation’s central bank requires more congressional oversight, and that lawmakers have ceded too much responsibility for economic policy to the Fed.

At a hearing of the of the House Financial Services Committee's subcommittee on domestic monetary policy and technology titled "The Federal Reserve System: Mend it or End It?" the Texas congressman said that the general wisdom that the central bank be independent from congressional oversight in order to be...
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