Commentary

Rand Paul Victory Keeps Critique of Fed in Congress

Everyone is calling Rand Paul victor in the KY Senate race. One interesting outcome of that is Paul will bring new life to the small group in Congress who cast a critical eye on the Fed.

As the WSJ points out:

Retiring Sen. Jim Bunning, who Paul succeeds, has been the chief Fed critic in the U.S. Senate. Not only did he vote against the reconfirmation of Ben Bernanke earlier this year, but he was also the sole “no” vote in the Senate Banking Committee during the Fed chairman’s first confirmation. Bunning could also always be counted on to spend his seven minutes during Bernanke’s semiannual testimony to the Banking Committee attacking the Fed.

Adrian Moore

Adrian Moore, Ph.D., is vice president of policy at Reason Foundation, a non-profit think tank advancing free minds and free markets.