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Political Quotes

Bill Bennett: “I cannot let this exchange go without giving a word or two of explanation. The Federal Reserve Board, as the Senator…”

On the recordSeptember 23, 1998
I cannot let this exchange go without giving a word or two of explanation. The Federal Reserve Board, as the Senator from Iowa has accurately stated, was created by the Congress, and presents to the Congress an audited statement of its financials every year. It is addressed to the Speaker of the House. It is true that it was not done by the General Accounting Office, but they are audited by a legitimate outside auditor, and their activities, down to the penny, are reported to the Speaker of the House in a written document every year. I will be happy to supply it to any Member of this body that may wish it.
Said by
Bill Bennett
Source
govinfo.gov

Editor's note · Context

Discussing the auditing process of the Federal Reserve Board.

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