Rand Paul supports the prospect of abolishing the Fed

senator Rand PaulR-ky. In an interview Tuesday, he explained to Fox News Digital that he would support the abolition of the Federal Reserve system, and the key rule is that the country stops engaging in deficit spending and instead implements a balanced budget.

But the Finance Hawk and the son of former U.S. Rep. Ron Paul, famous Fed Critics say he wouldn’t expect this to happen.

He said: “I see the opposite.

Sen Rand Paul: There is a $186 billion reason we have to review the Fed

“I honestly believe that if Congress does not encounter a deficit, you can be without the Fed,” he said.

Although he added that there is a need for a “clearing house” system, which suggests that as food develops, over time, the market needs to “fill that space”.

Paul believes that the free market – supply and demand – should determine interest rates.

“Interest rates are common prices,” he explained.

The deputy chief of staff said Trump was concerned that the Fed would be more than just fire Powell.

The Federal Open Market Committee last decided to lower federal funding rates target range in December, the president Donald Trump The Fed has been calling on to reduce the speed.

But Paul compared the demands of rate cuts to ensure meat is too expensive, and Trump should lower prices – Senators noted that most people would see this appeal as “absurdity” related to consumer goods, but for some reasons, even conservatives, when it comes to interest rates, the Conservatives can even lose their minds,” he said.

The senator pointed out that he believes “what we want is a Federal Reserve, which is less involved in manipulating interest rates.”

The economist says

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Paul believes there may not be a stronger and secret organization in all administrations and he is pushing for a bill to review the Fed.

this Proposed legislationSome of Paul’s Republican colleagues also supported it and called on the U.S. auditor-general to review the Federal Reserve system and the Federal Reserve’s board of directors.

He is pushing too measureThe title “Feder’s Big Bank Bailout Act,” co-sponsored by left-wing Senator Bernie Sanders (I-Vt.), includes the prescribed language, “No Fed can pay the balance on a balance that is maintained in a boarding agency’s Federal Reserve Bank or on behalf of a reserve agency.”