If you don’t believe the Fed has unique powers…
If you don’t believe the Federal Reserve has unique powers, just try to think of another institution that has the capacity to bring Rep. Ron Paul (R-Tx.) and Rep. Barney Frank (D-Mass.) together into a coalition.
Frank, chairman of the House Financial Services Committee, recently told a town hall audience in Massachusetts that the House will pass a bill this fall requiring a complete audit of the Federal Reserve by the GAO.
Rep. Paul was the original sponsor of the proposal (H.R. 1207), which now has 282 co-sponsors.
The WSJ has additional info.