Nov 13, 2010
Ben Bernanke has had his hands full since his first day on the job as Federal Reserve chairman nearly five years ago. It’s about to get even tougher.
His harshest critic on Capitol Hill, Rep. Ron Paul of Texas, is about to become one of his overseers.
With the Republicans coming to power, Paul, who would like to abolish the Fed and the nation’s current monetary system, will become the chairman of the House Subcommittee on Domestic Monetary Policy.
If you’ve never heard of the committee before, you’re not alone. But Paul promises you’ll be hearing a lot more from it.
“It’s basically been a committee that’s dealt with commemorative coins. I’m going to deal with monetary policy,” he said.