Is "Audit the Fed" a Misnomer?

1. transactions or agreements with foreign central banks, governments, or nonprivate international financing organizations;
2. deliberations, decisions, or actions on monetary policy matters;
3. transactions made under the direction of the FOMC; and
4. discussions or communications between members of the Board and Federal Reserve System related to the above three areas.

This is the CORE of the Fed’s operations, and it remains shielded from the public. Audit the Fed, or “The Federal Reserve Transparency Act” as the bills, H.R. 24/S. 264, are actually titled, would strike these restrictions from law and allow — for the FIRST TIME — a complete and thorough “examination and review” of the Fed’s operations in its history. It’s time for Congress to stop listening to the Fed’s apologists working over at the Federal Reserve Retirement Center. It’s time for Congress to PASS Audit the Fed NOW! Sign your petition urging Senate Majority Leader Mitch McConnell to bring up Senator Rand Paul’s S. 264 for a vote immediately.