“It’s good
economics and it’s good legislation, but it’s also good
politics, because 80 percent of the American people agree with
it,” Paul said. If Republican leaders “exclude it, I would
think some of my supporters would be annoyed and feel strongly
enough to take it to the floor under the rules.” Romney Position Unclear Romney’s position on the issue is murky. While he says he
backs a Fed audit, he has not formally endorsed Paul’s
legislation -- which mandates a Government Accountability Office
audit of the Fed that includes deliberations on changes to the
benchmark interest rate -- nor the effort to include it in the
party’s messaging document to be hammered out before its formal
adoption at the Republican National Convention. “My own view is that we should audit the Fed and that the
actions of the Fed should be open for the review of Congress and
the understanding of the American people,” the presumed
Republican nominee told reporters Aug. 3.