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Democratic presidential candidate Bernie Sanders supports bill to audit Fed

Published 01/12/2016, 03:44 PM
Updated 01/12/2016, 03:50 PM
© Reuters. Democratic presidential candidate Sen. Bernie Sanders (D-VT) speaks at The Iowa Brown and Black Forum at Drake University in Des Moines, IA

WASHINGTON (Reuters) - U.S. presidential candidate Democrat Bernie Sanders voted on Tuesday in favor of a bill that would require audits of Federal Reserve monetary policy decisions, his campaign said in a statement following the vote.

Sanders said he supports the bill because too much of the U.S. central bank's business is conducted in secret.

© Reuters. Democratic presidential candidate Sen. Bernie Sanders (D-VT) speaks at The Iowa Brown and Black Forum at Drake University in Des Moines, IA

"Requiring the Government Accountability Office to conduct a full and independent audit of the Fed each and every year, would be an important step towards making the Federal Reserve a more democratic institution that is responsive to the needs of ordinary Americans rather than the billionaires on Wall Street," Sanders said in the statement.

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