Sen. Rand Paul Hints At Blocking Yellen's Fed Nomination

Law360, Los Angeles (October 25, 2013, 10:26 PM EDT) -- U.S. Sen. Rand Paul, R-Ky., suggested Friday that he may put a hold on the nomination of Janet Yellen to lead the Federal Reserve until the Senate votes on his bill to audit the central bank.

Paul said in a statement that when the Senate considers the nomination of Yellen, who currently serves as the Fed's vice chairwoman, he will request a vote on his Federal Reserve Transparency Act. The bill calls for the U.S. comptroller to conduct a full audit of the Fed's Board of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.