Ron Paul holds first hearing on Federal Reserve

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Wednesday, February 9, 2011; 11:41 AM

Updated: 11:25 a.m. Texas Republican Rep. Ron Paul, one of the most outspoken opponents of the Federal Reserve, is hosting his first subcommittee hearing Wednesday as chairman of a House subcommittee overseeing the central bank. The new chairman of the House Domestic Monetary Policy and Technology Subcommittee has called the hearing to examine the impact of the Fed's policies on job creation and the unemployment rate. The roster of witnesses called to testify includes Thomas J. DiLorenzo, professor of economics at Loyola University's Sellinger School of Business; Dr. Richard Vedder, professor of economics at Ohio University; and Dr. Josh Bivens of the Economic Policy Institute. No administration officials are testifying. Elsewhere on Capitol Hill, Fed Chairman Ben Bernanke appeared at a House Budget Committee hearing. Paul, who has advocated for measures that would audit the Federal Reserve or abolish it altogether, was tapped in December to serve as chairman of


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