Rand Paul actually said...

Because when the Fed talks about independence, what they are really talking about is secrecy, not transparency.

to quote the chairman, it sometimes isn't.

I am proud of those. While we can make them more efficient, I am not prepared to maintain more and more military spending at their expense.

I am always struck by the ability of my Republican colleagues to engage in a kind of duality of the mind with regard to Federal spending.