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.
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 email@example.com.