Fed audit review beginning in Congress 'This is history in the making and victory is within reach'

By Bob Unruh

Federal Reserve

Members of Congress will holding a hearing tomorrow on a plan by U.S. Rep. Ron Paul, R-Texas, to audit the Federal Reserve, which oversees U.S. monetary policy, and his supporters are calling it a precedent-setting event.

"This is history in the making and victory is within reach," said a statement on the RonPaul.com website, which is maintained in support of the congressman but is not linked to him.

WND reported just days ago that the congressman, who has sponsored similar legislation on and off since the 1980s, believes this is the year there actually will be progress on his efforts to open up the books of the private organization that sets interest rates, controls the U.S. money supply and impacts consumers in a hundred ways.

The Federal Reserve, an independent organization apart from the U.S. government, largely has operated behind a veil of secrecy for decades, but Paul told WND its operations could be about to face the light of day.....