The Federal Reserve and ”Audit the Fed”

“The real question is, are the proponents of ‘Audit the Fed’ legislation seeking to make the Fed more accountable …? Or are they basically people who don’t like what the Fed is doing and see ‘Audit the Fed’ as a lever to change the Fed?” asks Hutchins Center on Fiscal and Monetary Policy Director David Wessel in this podcast. Listen to find out why Wessel calls “Audit the Fed” a misnomer, but also how he explains why we are asking the Fed to do too much in the economy. He also offers ideas on us...