FEDERAL RESERVE/NOMINATIONS/RAND PAUL/TRUMP AS PRESIDENT: “Sen. Rand Paul (R-Ky.) said Thursday [2-8-18] he will vote against Marvin Goodfriend’s bid to become a member of the Federal Reserve board, a move that could sink the nomination on the Senate floor. Goodfriend was approved by the Senate Banking Committee in a 13-12 party line vote, indicating the nominee is unlikely to receive any Democratic support.
With Sen. John McCain (R-Ariz) out for health reasons, any Republican ‘no’ vote could defeat his nomination.
Paul is an outspoken Fed critic, and his father while in Congress once introduced a bill specifically condemning the economist’s idea for a ‘carry tax.’
Goodfriend suggested the idea, which would decrease the value of dollar bills depending on how long they’d been outside of a bank, while he worked at the Richmond Fed. During his nomination hearing, he said he would not advocate for the tax if confirmed…
Democrats have criticized Goodfriend for making inflation a higher priority than unemployment and for his support of House Financial Services Chairman Jeb Hensarling’s Financial CHOICE Act.
A vote has not yet been scheduled for Goodfriend.”
-Victoria Guida, “Paul says he will vote no on Goodfriend, imperiling Fed nomination,” Politico, Feb. 8, 2018 12:57am