House Panel To Question Mission And Existence Of Fed

Law360, New York (May 7, 2012, 7:03 PM EDT) -- The Federal Reserve and its chairman, Ben Bernanke, are set to come in for a thrashing Tuesday when a U.S. House of Representatives panel holds a hearing on ways to change the central bank's mandate or abolish it altogether.

Rep. Ron Paul, the libertarian-leaning Texas Republican who has formed a national following and run for president in part on his call to get rid of the Fed, will chair a hearing of the House Financial Services Committee's subcommittee on domestic monetary policy and technology titled "The...
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