Ron Paul vows new extensive Federal Reserve American year next verification

WASHINGTON — Republican Representative Ron Paul Thursday said he will push to examine the decisions of the Federal Reserve monetary policy if it takes control of Subcommittee of Congress who oversees the Central Bank as planned in January.

"I think they are too much indépendants.Ils should not enough power,"Paul, a criticism for a long time the Fed said in an interview with Reuters.""

Paul is currently the top Republican page on the Subcommittee of the House Financial Services Committee oversees the domestic monetary policy and is probably at the head of the Commission when Republicans took control of the House of representatives in January.

That could create a giant headache of the Fed, which earlier this year affirmed offshore effort led by Paul opening its internal deliberations on rates of interest and monetary easing a scrutiny of the Congress.

Paul was also a fierce critic of the efforts of the Central Bank to boost the economy by monetary policy.

"It is outrageous, what is happening and the Congress more or less did not say much about it," he said.

Paul said that the Subcommittee would also push to examine the reserves of the country and to highlight the views of economists who believe that economic slowdowns caused by bad monetary policy, not the whims of the free market.

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