This can only be seen as great news. From
Politico:
Rep. Ron Paul (R-Texas) sparked the movement to “audit the Fed.” Now he might get his way.
Rep. Spencer Bachus (R-Ala.), chairman of the House Financial Services Committee, announced Thursday that Paul will chair the subcommittee that oversees the Federal Reserve.
Paul’s monetary policy manifesto, "End the Fed," foreshadows the direction his oversight responsibilities might head in the next Congress.
The Texas Republican’s small-government views have built him a following of anti-spending, anti-government loyalists.
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