Rand Paul Victory Sends Fed Critic to Senate

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Phil Izzo
Wall Street Journal

Republican Rand Paul’s victory means that Kentucky will continue to send an outspoken critic of the Federal Reserve to the Senate.

Retiring Sen. Jim Bunning, who Paul succeeds, has been the chief Fed critic in the U.S. Senate. Not only did he vote against the reconfirmation of Ben Bernanke earlier this year, but he was also the sole “no” vote in the Senate Banking Committee during the Fed chairman’s first confirmation. Bunning could also always be counted on to spend his seven minutes during Bernanke’s semiannual testimony to the Banking Committee attacking the Fed.

Of course, there’s no guarantee that Paul will take Bunning’s spot on the Senate Banking Committee. But judging from his interest in the Fed, it seems likely that Paul will seek a spot on the influential panel.

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