Federal Reserve Is Transparent, Fed Governor Powell Claims, As "Audit the Fed" Looms

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Mark Melin
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Governor Powell Audit the fed

Fed appears scared as “Audit the Fed” a popular topic in Sen. Rand Paul political event As polls show Senator Rand Paul coming in second place in the Republican presidential nomination sweepstakes in diverse locations such as Iowa and New Hampshire, the U.S. Federal Reserve appears to be getting nervous regarding a groundswell of popularity regarding one of the Kentucky Republican’s political issues: the U.S. Fed itself.   In a speech at Catholic University Monday and a later interview on Bloomberg Television, U.S. Federal Reserve Governor Jerome H. Powell challenged political leaders “incursion” by sounding a familiar alarm bell when…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.