Republican U.S. Senator Rand Paul threatened on Friday to put a ‘hold’ on the nomination of Janet Yellen to be chair of the Federal Reserve unless he gets a vote on a bill he has sponsored to put the central bank under more scrutiny.
"As part of Senate consideration of the Janet Yellen nomination to be chair of the Federal Reserve, I will request a vote on my bipartisan Federal Reserve Transparency Act," Paul said in a statement. "The American people deserve transparency from the Federal Reserve and the federal government as a whole."
An aide to Paul said no final decision had been made on whether to place a hold on the nomination, but if Paul did move forward, it would force Yellen’s supporters to round up 60 votes in the 100-seat Senate to advance the nomination.
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