The measure would require an audit of the central bank.
But the Janus Capital head said doing so would likely be a mistake.
Republicans have criticized the extensive work done on the agency's headquarters.
The Federal Reserve is on track for the first interest rate increase in nearly a decade, according...
Any hike will be gradual and begin later this year, Yellen states.
Opposing Audit the Fed, Yellen said the bank's independence must be preserved.
The outgoing president said Rand Paul's bill would lead to "economic instability."
In Facebook Q&A over his "Audit the Fed" push, he says IRS is "too big, too powerful."
Paul's RAND PAC wants to raise $150,000 by Monday.
Sen. Elizabeth Warren (D-Mass.) and Rep. Elijah Cummings (D-Md.) are demanding details from the...
Meeting comes one day after Sen. Rand Paul offers bill to audit the Fed.
The Federal Reserve reiterated Wednesday that it is in no rush to begin hiking interest rates, as...
The central bank is remaining open to increasing interest rates before 2015 draws to a close.
The central bank feels conditions are "approaching that point" when an increase is in order.
Banks call a plan to cut their dividend a new tax on banks.
Sen. Rand Paul (R-Ky.) opted to steer clear of bashing the Federal Reserve when he announced his...
A policy newsletter published sensitive information ahead of Fed minutes' release in 2012.
Federal Reserve chief is testifying for the first time before the GOP-led Congress.
Republicans on the Financial Services committee will be forced to take a position.
The outgoing Dallas Fed president wants more transparency and a power shift.
One of Obama's top economic advisers called the bill "dangerous."
The Fed is lashing out at Sen. Paul's plan to give Congress more oversight.
Fellow 2016 contenders Marco Rubio and Ted Cruz are backing his bill.
Janet Yellen will speak to reporters on Wednesday.