Sen Rand Paul: There are 186 billion reasons we must audit the Fed

Sen Rand Paul: There are 186 billion reasons we must audit the Fed

“No other institution has so much unchecked power. Look no further than the unlimited authority the Fed used in response to the COVID-19 pandemic,” he wrote. “The Fed printed money, purchased government-backed securities, and doled out massive amounts of money to favored industries. These actions added almost $5 trillion in debt to the Fed’s balance sheet.”