Chris Christie calls for Federal Reserve to be audited during GOP candidate debate
Several Republican presidential candidates on Tuesday accused the Federal Reserve of keeping U.S. interest rates low for political reasons, and one called for replacing Fed Chair Janet Yellen.
The Fed should be audited and the Fed should stop playing politics with our money supply, New Jersey Governor Chris Christie said in the undercard Republican debate hosted by Fox Business Network.
The debate in Milwaukee featured four candidates for president who are at the bottom of opinion polls and did not qualify for the main debate occurring later on Tuesday.
Its hurting American seniors who are seeing no Social Security increases, who are seeing no savings. Theyre putting money aside and seeing nothing in the savings accounts, former U.S. Senator Rick Santorum of Pennsylvania said.
Former Arkansas Governor Mike Huckabee echoed those sentiments.
The Fed has manipulated the dollar, so it doesnt have a standard, tie the dollar to something fixed and if its not going to be gold, make it the commodity basket, Huckabee said.
He added he would absolutely replace Yellen.
We need to make sure they tie the monetary standard to something that makes sense instead of their own whims, Huckabee said.
For more on the 2016 U.S. presidential race and to learn about the undecided voters who determine elections, visit the Reuters website.
(Reporting by Ginger Gibson and Roberta Rampton; Editing by Sandra Maler and Jonathan Oatis)