It might not be a surprise to find a smile on the face of Federal
Reserve Chairman Ben Bernanke when he appears before the House Financial
Services Committee Wednesday. It looks to be the last time he will have
to face off against Rep. Ron Paul (R-Texas).
While unforeseen events could always compel Bernanke's return to testify, his delivery of his semi-annual report on the nation’s monetary policy may mark the final time Paul will have the chance to take swings at his least favorite institution, as the lawmaker is retiring at the close of the rapidly dwindling session.
Paul wrote the book on Fed-bashing — it’s called “End the Fed,” — and he plans to use his last chance to keep hitting the same notes he’s been hammering throughout his years in Congress.
“It’ll be hard to think up anything brand new other than reiterating my concerns over the last 30 years,” he told The Hill in an interview.
Paul has not always been a regular presence during committee events, especially in recent years. But he has always carved out time when Bernanke pays a visit. Even in the thick of the GOP primary this year, the long shot presidential candidate found time to get away from the campaign trail when Bernanke testified in February. There, he harangued the Fed chief about devaluing the dollar and refusing to legalize other forms of U.S. currency, going so far as to shake a silver coin at Bernanke.
For his part, Bernanke has largely taken Paul’s tirades in stride. Following the silver coin lecture, Bernanke wryly opened his remarks by saying, “First of all, nice to see you again.”
Read more: http://thehill.com/blogs/on-the-money/economy/237967-ron-paul-readies-his-salvos-for-last-showdown-with-feds-bernanke
While unforeseen events could always compel Bernanke's return to testify, his delivery of his semi-annual report on the nation’s monetary policy may mark the final time Paul will have the chance to take swings at his least favorite institution, as the lawmaker is retiring at the close of the rapidly dwindling session.
Paul wrote the book on Fed-bashing — it’s called “End the Fed,” — and he plans to use his last chance to keep hitting the same notes he’s been hammering throughout his years in Congress.
“It’ll be hard to think up anything brand new other than reiterating my concerns over the last 30 years,” he told The Hill in an interview.
Paul has not always been a regular presence during committee events, especially in recent years. But he has always carved out time when Bernanke pays a visit. Even in the thick of the GOP primary this year, the long shot presidential candidate found time to get away from the campaign trail when Bernanke testified in February. There, he harangued the Fed chief about devaluing the dollar and refusing to legalize other forms of U.S. currency, going so far as to shake a silver coin at Bernanke.
For his part, Bernanke has largely taken Paul’s tirades in stride. Following the silver coin lecture, Bernanke wryly opened his remarks by saying, “First of all, nice to see you again.”
Read more: http://thehill.com/blogs/on-the-money/economy/237967-ron-paul-readies-his-salvos-for-last-showdown-with-feds-bernanke
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