Statement on Yellen Confirmation
SPRINGFIELD, Virginia- Campaign for Liberty released the following statement from C4L President John Tate after the United States Senate confirmed Janet Yellen to be the next Chair of the Federal Reserve:
“As long as Congress allows the Federal Reserve to operate in almost total secrecy, it makes no difference who chairs one of the world’s most powerful institutions. Policy at the Federal Reserve will not change with Yellen at the helm,” said John Tate.
“Yellen will continue to inflate the currency, bail out Wall Street, and demand these actions be kept secret from the American people. Harry Reid, despite repeatedly calling for an audit of the Federal Reserve throughout his career, has now become the greatest cheerleader for Federal Reserve secrecy by refusing to even allow a vote on legislation supported by nearly 75 percent of Americans.
“Campaign for Liberty will continue to mobilize Americans in support of H.R 24 and S.209, our top legislative priorities, in 2014.”