Rep. Ron Paul Says He Won't Push for End to Fed

Rep. Ron Paul Says He Won't Push for End to Fed `Up Front'

By Kevin Costelloe -

Representative Ron Paul, a Republican from Texas. Photographer: Brendan Hoffman/Bloomberg

Representative Ron Paul, a Texas Republican who next month will take control of the House subcommittee that oversees the Federal Reserve, said today that he will “not really, not right up front” push for an end to the U.S. central bank.

“But obviously that’s the implication,” Paul said in a Bloomberg Television interview on “In the Loop” with Betty Liu. Paul said he was talking about a “transition.”

Paul, author of the book “End the Fed,” said he will emphasize “oversight” of the central bank.