Rep. Thomas Massie (R-Ky.) recently reintroduced his “Federal Reserve Transparency Act,” which he says was inspired by Ron Paul’s famous “Audit the Fed” measure from 1983. Paul, a former congressman and presidential candidate, created a movement decades ago that pushed for increased oversight of the Fed’s monetary policy decisions.
Massie’s bill is a revised iteration of Paul’s 1983 draft and aims to bring more transparency to one of the country’s largest financial regulators, which employs nearly 23,000 people.
