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Poll finds 75% favor auditing Fed



July 31, 2009 by · 1 Comment 

By Rasmussen Reports, Asbury Park, New Jersey

So much for the ongoing secrecy of the nation’s independent central banking system. A new Rasmussen Reports national telephone survey finds that 75 percent of Americans favor auditing the Federal Reserve and making the results available to the public.

Just 9 percent of adults think that’s a bad idea and oppose it. Fifteen percent aren’t sure.

Over half the members of the House now support a bill giving the Government Accounting Office, Congress’ investigative agency, the authorization to audit the books of the Federal Reserve Board.

Support for the bill has grown now that the Obama administration is proposing to give the Fed greater economic regulatory powers. The Fed, which sets U.S. monetary policy, was created as an independent agency to keep it free of politically-motivated interference.

Fed Chairman Ben Bernanke in a town forum filmed on Sunday, which is airing this week on PBS stations, said he is strongly opposed to the audit legislation. “I don’t think the American people want Congress running monetary policy,” he said. Howard Rich addressed this issue in a recent commentary and concluded it was important to locate the “trillions of dollars” the Fed has spent over the last year and a half.

The new survey finds that an overwhelming majority of Americans in every demographic category — including age, gender, political affiliation, race, and income — disagree with Bernanke and favor auditing the Fed to make its secretive deliberations public.

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Comments

One Response to “Poll finds 75% favor auditing Fed”
  1. Ron says:

    75% of Americans Want To Audit the Fed – Now Thousands Want to Abolish It!

    Read the petition and comments at http://www.petitiononline.com/fed/petition.html

    Thanks,
    Ron

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