Showing posts with label Gingrich Calls For Audit Of Fed While Also Urging Repeal Of Legislation That Audits The Fed. Show all posts
Showing posts with label Gingrich Calls For Audit Of Fed While Also Urging Repeal Of Legislation That Audits The Fed. Show all posts

Wednesday, June 22, 2011

Gingrich Calls For Audit Of Fed While Also Urging Repeal Of Legislation That Audits The Fed

In an email to supporters this morning, presidential candidate and former House Speaker Newt Gingrich (R-GA) tried to revive his troubled campaign by delving into monetary policy. “In a speech this morning in Atlanta,” he wrote, “I called for the repeal of the Dodd-Frank legislation and dramatic reforms in the operation of the Federal Reserve, starting with a full-scale audit of its activities.” Gingrich might be interested to learn that the Dodd-Frank legislation he wants to repeal already mandates an audit of Federal Reserve activities as well as featuring important governance changes to reduce privately owned banks’ influence over monetary policy.