Ron Paul Hearing on Audit the Fed -- 10/4/11

This hearing of the Domestic Monetary Policy Subcommittee focused on Federal Reserve transparency and included discussions of: (1) the Dodd-Frank Act-required audit of the Federal Reserve by the Government Accountability Office (GAO); (2) the history of Federal Reserve audit legislation; (3) the adequacy of existing Federal Reserve audit and data disclosure requirements; and (4) the necessity for Federal Reserve transparency going forward, particularly in light of the Federal Reserve's continued monetary policy actions and engagement in the European crisis.

The hearing was held on Tuesday, October 4, 2011, at 10 a.m. in Room 2128 of the Rayburn House Office Building and was titled, "Audit the Fed: Dodd-Frank, QE3, and Federal Reserve Transparency."

Witnesses:

Panel I:
§ Orice Williams Brown, Managing Director, Financial Markets and Community Investment, U.S. Government Accountability Office


Panel II:
§ Mark A. Calabria, Ph.D., Director of Financial Regulation Studies, Cato Institute

§ Robert D. Auerbach, Ph.D., Professor of Public Affairs, The University of Texas at Austin

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