Federal Reserve Board Chairman Ben Bernanke on Thursday voiced his opposition to legislation calling for regular audits of the Fed’s monetary policies, but 79% of Americans think auditing the Fed is a good idea.
A new Rasmussen Reports national telephone survey shows that just seven percent (7%) of adults oppose auditing the Federal Reserve and making those results available to the public. Fourteen percent (14%) are not sure.
The new findings mark a four-point increase in support for auditing the Fed from July. The audit – to be conducted by the General Accounting Office, Congress’ investigative agency – was first proposed by Republican Congressman Ron Paul and is now part of the House’s version of a bill putting more regulatory controls on the financial sector. The Senate is more skeptical of the audit proposal.
Moreover, twice as many Americans oppose as support the reappointment of Ben Bernanke. After nearly a century, it’s time to make the Federal Reserve accountable for its policies.
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