The Federal Reserve is the central banking system of the US government. The main goal of the bank is to manage the US government’s money supply and stabilize the nation’s banks during panics and recessions. In 2015, Senator Rand Paul (R-KY) and Congressman Thomas Massie (R-KY) introduced the Federal Reserve Transparency Act of 2015 which would require the bank’s board of governors to conduct an audit and release it to Congress. An audit would determine if the accounting records the bank makes public are true and give Congress an insight into how the bank is run. Senator…
Read moreNarrow down the conversation to these participants:
Political party:
@8XKT3BG3yrs3Y
Yes, but I would prefer to abolish it and reform to Silver standard
Deleted3yrs3Y
Yes, we deserve to know who the money gives money; to increase transparency, and to ensure that the Federal Reserve is keeping the financial system stable. However, there should be oversight put on the reserve to make sure that it does not keep borrowing money creating more inflation, devaluing the currency, and putting the stability of the financial system at risk
Deleted3yrs3Y
Yes, we deserve to know who the money gives money to; to increase transparency, and to ensure that the Federal Reserve is keeping the financial system stable. However, there should be oversight put on the reserve to make sure that it does not keep borrowing money creating more inflation, devaluing the currency, and putting the stability of the financial system at risk
Deleted3yrs3Y
Yes, we deserve to know who the money gives money to, to increase transparency, and to ensure that the Federal Reserve is keeping the financial system stable. However, there should be oversight put on the reserve to make sure that it does not keep borrowing money creating more inflation, devaluing the currency, and putting the stability of the financial system at risk.
@8RBQDDP4yrs4Y
Yes, perhaps in some cases but it should remain independent and we should look into returning to the gold standard
@8KX67Q94yrs4Y
Don't have enough knowledge to form an opinion.
@7PTCG383yrs3Y
Yes, but have the audit conducted by an independent, non-governmental agency with the results submitted in a documented report to Congress
@85QWNPG5yrs5Y
Yes, we deserve to know where the bank puts its investment, for all we know it could be terorrists, as well it is futile to resist this audit for whenever we move to block chains, it will ALL be open to public audits and critique.
@7PTCG383yrs3Y
Yes, but have the audit completed by an independent non-governmental agency, with the results submitted in a report to Congress for review
@7PTCG384yrs4Y
No, have the audit conducted by a non-governmental agency to avoid bias, with the results compiled in a report and presented to Congress for review
@7PTCG384yrs4Y
No, the audit should be conducted by a non-governmental agency to avoid bias, with the results compiled in a report and presented to Congress for review
@7PTCG383yrs3Y
No, they are already audited by the government accountability office, and the bank must remain independent of Congressional oversight in order to stabilize our financial system
@7PTCG383yrs3Y
No, the audit should be completed by a neutral, non-governmental agency with the results submitted in a documented report to Congress
@7PTCG384yrs4Y
No, have the audit conducted instead by a non-governmental agency to avoid bias, with the results compiled in a report and presented to Congress for review
Deleted3yrs3Y
Yes, but I would prefer to abolish it and replace it with a computer
@7PTCG385yrs5Y
No, the bank should be audited by an independent, non-governmental agency with its findings presented in a detailed report to Congress.
@7PTCG385yrs5Y
No, the bank should be audited by an independent, non-governmental agency with its findings presented in a detailed report to Congress
@7PTCG383yrs3Y
Yes, this has become necessary after the role the bank played in the 2008 fiscal crisis
@7PTCG383yrs3Y
No, the government accountability office already audits the bank
@7PTCG383yrs3Y
No, but Congress should review the periodic audits of the bank's transactions that are conducted by the government accountability office
@7PTCG383yrs3Y
No, but Congress should review the periodic audits that are conducted by the government accountability office which show all transactions of who the bank gave money to
@8F5PKLS5yrs5Y
Yes, but I would prefer it being nationalized instead.
@7PTCG383yrs3Y
No, it should be audited by a non-governmental agency with the results submitted in a report to Congress
@7PTCG383yrs3Y
Yes, but have the audit conducted by a non-governmental agency with the results submitted in a report to Congress
@7PTCG383yrs3Y
Yes, but have the audit conducted by an independent, non-governmental agency, with the results submitted to Congress in a documented report for review
@8KLLCKT5yrs5Y
Don’t know enough about this
@LangworthyUS9th5yrs5Y
Audit Abolish and return to a gold standard.
@7PTCG384yrs4Y
No, the audit should be conducted by a non-governmental agency to avoid bias, with the results compiled in a report and presented to Congress for review.
Join in on more popular conversations.
