As mandated by the Humphrey-Hawkins Full Employment Act of 1978, Federal Reserve Chairman Ben Bernanke presented a report to Congress on monetary policy on Tuesday and Wednesday. In order to assist lawmakers in developing insightful questions for the Fed chairman, FreedomWorks released a confidential memo written by our Director of Monetary Policy Dr. Judy Shelton that was obtained by The Hill newspaper.

With longtime Federal Reserve critic Rep. Ron Paul (R-TX) the chairman of the House Subcommittee on Domestic Monetary Policy and Sen. Rand Paul (R-KY) willing to lead the fight in the Senate, this is our best opportunity to pass a real Audit of the Fed. On Wednesday, the father and son duo introduced companion legislation, H.R. 459 and S.202, in both congressional chambers to require a full and thorough audit of the Federal Reserve.

The movement to audit the Fed won a huge victory last night. Representative Ron Paul (R-TX) who has been a leading critic of the Federal Reserve for decades will lead the Monetary Policy Subcommittee. In other words, the author of the book “End the Fed” will be overseeing the central bank. Look out Fed chairman Ben Bernanke.

Today FreedomWorks co-hosted a discussion panel with the Atlas Foundation on Capitol Hill entitled “Sound Money and America’s Global Economic Leadership”. The panel featured Dr. Judy Shelton of Atlas Foundation, Atlas Foundation President Alex Chafuen, Professor Lawrence White of George Mason University, Congressman Mike Pence (R-IN) and Congressman Paul Ryan (R-WI).

On Tuesday, December 7, 2010 from 11:30 am to 12:30 pm, FreedomWorks Foundation and Atlas Economic Research are co-sponsoring a panel discussion themed "Sound Money and America's Global Economic Leadership."

Today, Chairman Ben Bernanke gave a big speech on the Federal Reserve’s next move in Boston. During his speech, Bernanke announced yet another round of “quantitative easing”. In plain English, this means that the Fed will fire up their printing presses to create more money. This likely won’t end well.

On Friday, Federal Reserve chairman Ben Bernanke gave a speech claiming that the economy is finally headed on the right track. He stated at the Federal Reserve Bank of Kansas City’s annual economic symposium that "despite this recent slowing, however, it is reasonable to expect some pickup in growth in 2011 and in subsequent years."

Back in June, the Washington Times reported on what seemed then to be a straightforward exchange between Rep. Paul Ryan (R-WI) and Federal Reserve Chairman Ben Bernanke:

As lawmakers continue to question all involved in the 2008 deal that brought securities firm Merrill Lynch under the command of Bank of America Corp., questions arise as to the legality of the Federal Reserve's role in the negotiations.

Stanford economics professor and creator of the Taylor Rule, John Taylor, had an interesting article in the Financial Times on Tuesday.  He explores options for government to find a way out of its monstrous debt and what effects those options might have on the United States' credit rating and tax burden.  He writes,