Sen. Paul Plans to Hold Janet Yellen's Nomination

Statement

Sen. Rand Paul today issued the following letter to Sen. Harry Reid announcing his intent to hold the nomination of Dr. Janet Yellen as the Chairman of the Federal Reserve unless S. 209, the Federal Reserve Transparency Act, is also considered.

"The American people have a right to know what this institution is doing with the nation's money supply. The Federal Reserve does not need prolonged secrecy-it needs to be audited, and my bipartisan Federal Reserve Transparency Act will do just that," Sen. Paul said.

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