Rand Paul supports the prospect of cancellation of the Fed, with a major rule

Hay. Rand PaulR-ky.

But the financial hawk and the son of former US representative Ron Paul, known Federal Reserve The critic says he does not think it will happen.

“I see the opposite,” he said, showing that many in GoP, which used to take care of Biden’s deficit, “seem less concerned with Trump’s deficit.”

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Senator Rand Paul, Resp. (Al Drago/Bloomberg via Getty Images)

“I honestly think if Congress did not launch a shortage you could do without the Fed,” he said.

Although he added that the “clearing” system should be, which indicates that with the help of stern from the image of the market will need to allow “fill this space” over time.

Paul believes that the free market – demand and supply – must dictate interest rates.

“Interest rates are a versatile price,” he explained, believing that they were probably “the most fertile price in the whole economy.”

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The last time the open market federal committee decided to reduce the target range at the federal funds rate returned in December, and the president Donald Trump Honestly urges the Fed to move on a speed.

But Paul compared the requirements for reducing the rate, insisting that the meat is too expensive, and Trump should reduce his renator price that most people would consider such a call as “meaningless” as consumer goods “, but for some reason even conservatives lose his mind when it comes to interest rates.

The senator noted that he believed that “really what we want is a federal reserve that is less related to the interest rates.”

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Paul, who suggested that the whole government is probably “no more powerful and secret organization”, pushes the Fed’s audit bill.

A Proposed legislation”

It also pushes measurewhich was summed up by the left senator Bernie Sanders, I-VT., named “The Law on the Big Bank of the Fed”, which includes the language stipulated: “No Bank of the Federal Reserve can pay a profit that is supported by the Federal Reserve Bank or on behalf of the deposit institution.”