Rand Paul threatens to hold Janet Yellen nomination

The Kentucky senator wants a vote on his bill auditing the Fed

Topics: Rand Paul, janet yellen, The Federal Reserve, CNBC, Senate, Kentucky, Politico, audit, Ron Paul,

Rand Paul threatens to hold Janet Yellen nominationRand Paul (Credit: AP/Manuel Balce Ceneta)

Kentucky Senator Rand Paul has informed Senate leadership that he’ll put a hold on the nomination of Janet Yellen for Federal Reserve chair unless his bill auditing the Fed is given a vote, according to a report from CNBC.

As Brett LoGiurato of Business Insider explains, a “hold” is an informal Senate procedure through which a senator makes clear that he or she opposes a nomination or bill reaching the floor.

While Paul has long expressed a desire to know more about the inner workings of the Federal Reserve, his proposed audit is supported across partisan lines. The AFL-CIO has come out in support of a Fed audit, while the Independent Senator Bernie Sanders has previously put forward an audit request of his own, too.

Elias Isquith

Elias Isquith is an assistant editor at Salon, focusing on politics. Follow him on Twitter at @eliasisquith, and email him at eisquith@salon.com.

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