The Federal Reserve is the central banking system of the US government. The main goal of the bank is to manage the US government’s money supply and stabilize the nation’s banks during panics and recessions. In 2015, Senator Rand Paul (R-KY) and Congressman Thomas Massie (R-KY) introduced the Federal Reserve Transparency Act of 2015 which would require the bank’s board of governors to conduct an audit and release it to Congress. An audit would determine if the accounting records the bank makes public are true and give Congress an insight into how the bank is run. Senator…
Read more78% Yes |
22% No |
67% Yes |
17% No |
8% Yes, we deserve to know who the bank gives money to |
5% No, in order to stabilize our financial system, it must remain independent of Congressional oversight |
3% Yes, but I would prefer to abolish it and return to the gold standard |
0% No, they are already audited by an independent agency |
See how support for each position on “Federal Reserve” has changed over time for 1.9m America voters.
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See how importance of “Federal Reserve” has changed over time for 1.9m America voters.
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Unique answers from America users whose views extended beyond the provided choices.
@3RVHJH43yrs3Y
The Federal Reserve shouldn't just be audited, they should be kicked out all together. They are unconstitutional.
@9DK79J38mos8MO
Yes, but I would prefer to abolish the Federal Reserve Bank and establish a economic system based on the labor of the American people.
@9C9RRLQ11mos11MO
Yes, but I would prefer to abolish it and establish an economic system based on the labor of the American people.
@9BVLJ4511mos11MO
Yes, but I would prefer to abolish it and establish a economic system based on the labor of the people.
@973HS981yr1Y
Yes, and nationalize all the banks
@972XDKH1yr1Y
Yes, and nationalize banks
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The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.The fund said in its benchmark Fiscal Monitor that it expected the US to record a fiscal deficit of 7.1 per cent next year — more than three times the…
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US investors are paying the biggest premiums since October to protect their portfolios against market gyrations as mounting tensions in the Middle East and reduced expectations of interest rate cuts fuel a surge in volatility.The Vix index, Wall Street’s so-called “fear gauge”, hit 19.6 this week, its highest level since October 20, two weeks after the Hamas attack that triggered Israel’s war in Gaza.The metric measures the price of options that enable investors to profit from swings in the S&P 500.As of Wednesday morning in the US, the index had receded slightly to about 18, still far higher than its late-March level of 12.6 per cent.Market turmoil has also affected US bonds, with the ICE BofA Move index, which tracks volatility in US Treasuries, hitting 121, its highest level since early January and up from 86 in March.US Federal Reserve chair Jay Powell also said on Tuesday it was likely to take “longer than expected” for inflation to fall to the central bank’s target level and make rate cuts appropriate.While the Fed has indicated that it intends to make three quarter point cuts this year to interest rates, investors now expect just one or two reductions. In January, they had anticipated six.The shift in rate expectations has hit bond markets, with yields, which move inversely to prices, rising sharply. That in turn has made equities less attractive to investors, since they can now earn a higher return than before from ultra-safe US Treasuries.
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Homeownership affordability fell to its lowest level since the 1980s last year as mortgage rates reached a 23-year high and home prices set new records. Borrowing costs have eased somewhat this year, with the average rate for a 30-year home loan down about a percentage point since October. But other prices related to homeownership keep rising and show little sign of abating. Property taxes and home-maintenance costs are climbing in much of the country. Non-mortgage costs including property taxes, maintenance, utilities and insurance make up more than half of homeowners’ overall costs, according to a 2022 analysis by Fannie Mae economists. Worst of all, home insurance premiums are soaring. Rates rose by more than 10% on average in 19 states in 2023 after a series of big payouts related to floods, storms, wildfires and other natural disasters across the U.S., according to an Insurance Information Institute analysis of data from S&P Global Market Intelligence. More Americans also moved to disaster-prone areas in recent years, increasing the exposure to these events.Escalating costs on multiple fronts mean that many first-time buyers will continue to find homeownership a financial stretch. Consumer prices rose 3.5% in March from a year earlier, the Labor Department said Wednesday. The stronger-than-expected inflation data could prompt Federal Reserve officials to hold rates at their current level for longer, which could also keep mortgage rates from declining.The tens of millions of American homeowners who have locked in mortgage rates below 4% still have to contend with these other costs. And since insurance premiums, tax bills and maintenance costs can change each year, it’s hard for homeowners to budget how much more they will be paying even a few years from now. Plenty of homeowners are having to stretch financially to meet these home-related expenses. Nearly one in five said they couldn’t afford a $500 emergency repair without going into credit-card debt, according to a February online survey of 1,000 homeowners by tech company Clever Real Estate, while 42% said they’ve skipped home repairs or maintenance because of the cost.Almost 10% of homeowners surveyed by Fannie Mae last year were not confident they could afford their home insurance premiums at their next renewal.
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Last Spring the U.S. Senate defeated The Bank on Students Emergency Loan Refinancing Act by a vote of 58-38. The act, proposed by Senator Elizabeth Warren (D-MA) would lower the interest rate on existing student loans from 7% to 3.86%. The act would be financed by levying a mandatory income tax of 30%…
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Absentee-by-mail ballots are paper ballots that are mailed to voters who must then fill them out and return them, often with the voter's signature and sometimes a witness signature to prove the voter's identity. In 35 states and Washington, D.C., any qualified voter may vote absentee-by-mail without…