“The measure, which has garnered 257 co-sponsors from both parties, would require the Government Accountability Office (GAO) to conduct a full audit of the Fed’s operations, including its monetary policy deliberations.”
So apparently, Congress is pushing for a bill to audit the Fed. This was sponsored by Ron Paul - a person who has outwardly said that he wants to abolish the Federal Reserve.
I thought the whole point of the Federal Reserve is that it’s supposed to be unaccountable to Congress. Bernanke is not perfect, but I would much prefer that he handles monetary policy than those finance-illiterate clowns in the house of representatives.