January 6, 2014

Kentucky Senator Rand Paul announced via Twitter today that he would be speaking in opposition of Obama nominee and Council on Foreign Relations member Janet Yellen to chair the Federal Reserve, carrying on the legacy of fed distrust his father, former Congressman Ron Paul, set before him.

“I will speak on the Senate floor this afternoon in opposition to the nomination of Janet Yellen to the Federal Reserve,” Sen. Paul said Monday morning, announcing he would be tweeting throughout the day on the Fed, as well as pointing out its corrosive addiction to money-printing.

During a Senate Banking, Housing and Urban Affairs Committee hearing regarding her nomination, Yellen fielded questions from concerned Senators over the fed’s quantitative easing practice, as well as income inequality, “too big to fail,” a U.S. debt default, and the need for a sustainable long term budget and debt reduction plan, according to CSPAN.

Earlier this year, Sen. Paul sent a letter to Sen. Majority Leader Harry Reid explaining he would issue a formal objection to Yellen’s nomination unless the Senate held an up or down vote on his S. 209 legislation, a bill known as the Federal Reserve Transparency Act, which passed the House with a vote of 327 to 98, but has been stalled in the Senate for three years.

Previously, Sen. Paul led a 13-hour long filibuster against the nomination of CIA chief John Brennan, over the Obama administration’s refusal to give a straight answer on whether or not they would target American citizens on American soil with drones.

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