Ron Paul Calls for Senate to Reject Janet Yellen for Fed Reserve Chair

Former U.S. Rep. Ron Paul, R-Texas, best known for his three presidential bids and now the chairman of the Campaign for Liberty, called for the U.S. Senate to reject the nomination of Janet Yellen to be the next chairwoman of the Federal Reserve.

Since its creation, the Federal Reserve has destroyed 97 percent of the value of the dollar along with millions of jobs, Paul said on Monday. The Federal Reserve and its failed policies of monetary expansion, zero interest rates, and crony bailouts are responsible for the economic crisis we find ourselves in today.

If confirmed, Janet Yellen will continue this economic foolhardiness, while at the same time arguing that the Feds actions should be kept secret from the American people, Paul added. At a time when the government demands to know everything about our private lives, the American people at the very least deserve transparency from their own government. I strongly urge the Senate to reject Dr. Yellens nomination unless there is a vote on Audit the Fed (S.209).