Report: Rand Paul May Place Hold On Yellen Nomination

AP

A source close to Sen. Rand Paul (R-KY) said the senator may put a hold on Janet Yellen’s nomination to chair the Federal Reserve, CNBC reported Friday.

Paul wants his Fed transparency bill, which would mandate a complete audit of the Federal Reserve, to come to a vote and has informed Senate leadership of his intentions to formally put the hold in place next week, the source told CNBC. 

A request for comment was not immediately returned by Paul’s office.

This post has been updated.

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Catherine Thompson is a senior editor for Talking Points Memo in New York City. She came to the site in 2013 and reported on national affairs. Previously, she worked as a research assistant to investigative reporter Wayne Barrett. She can be reached at catherine@talkingpointsmemo.com.

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