Rand Paul supports the prospect of abolishing the Fed, with a major proviso

The Senator Rand Paul, R-Ky explained.

But the financial falcon and the son of former American deputy, Ron Paul, a famous federal reserve critic, says he does not expect that.

“I see the opposite,” he said, noting that many in the Republican Party who were previously interested in a deficit during the Biden era, it seems that they are less interested in the power of Trump.

Sen Rand Paul: There are $ 186 billion reasons for learning to review the Federal Reserve

“I think frankly if congress does not run a deficit that you can do without the Federal Reserve shoe,” he said.

Although he added that there should be a “mirrors” system, which indicates that with the first place of the image, the market must be allowed “to fill this space” over time.

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

He explained that “interest rates are a global price”, taking into account that “it is likely that the price is the most abundant in all the economy.”

Trump’s vice -chief of staff says that he is concerned about how he was running more than shooting on Powell.

The last time that the Federal Open Market Committee decided to reduce the target scope of the federal funds rate returned in December, and President Donald Trump has been greatly called to the Federal Reserve to move to price cuts.

But Paul compared the price demands to insist that the meat is expensive, and Trump must reduce its price-the Senator indicated that most people will look at such a call as “illogical” as it relates to consumer goods, “but for some reason even conservatives lose their minds when it comes to interest rates.”

Senator noted that he believes that “what we really want is a federal reserve that is less involved in the treatment of interest rates.”

Economists say that the federal reserve has taken “their attention from the award.”

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Paul, who saw it likely to be a “more powerful and confidential organization in all the government”, is pushing a federal reserve bill.

The proposed legislation, which is supported by some of the Republican Party colleagues in Paul, calls on the United States General Observer to audit the Federal Reserve Governor Council and Federal Reserve Banks.

It also pays a procedure, which was postponed by left-wing Senator Bernie Sanders, I-VT. , Entitled “The End of the Great Banking Rescue law in the Federal Reserve”, which includes the implementation of the language, “No federal reserve bank may pay profits on the balances preserved at the Federal Reserve by the Federal Reserve by or on behalf of the Depositor.”