Ron Paul has spoken out against the Federal Reserve, including in his book 'End the Fed.' Ron Paul to lead Fed oversight panel

Rep. Ron Paul (R-Texas) sparked the movement to “audit the Fed.” Now he might get his way.

Rep. Spencer Bachus (R-Ala.), chairman of the House Financial Services Committee, announced Thursday that Paul will chair the subcommittee that oversees the Federal Reserve.


Paul’s monetary policy manifesto, "End the Fed," foreshadows the direction his oversight responsibilities might head in the next Congress.

The Texas Republican’s small-government views have built him a following of anti-spending, anti-government loyalists.

Bachus announced other subcommittee chairmanships Thursday, as well.

“This is the leadership team that crafted the first comprehensive financial reform bill to put an end to the bailouts, wind down the taxpayer funding of Fannie Mae and Freddie Mac, and enforce a strong audit of the Federal Reserve,” Bachus said in a statement.