# Prof. Richard Sylla on the House approval of a bill requiring an audit of the Federal Reserve

1 Faculty News July 26, 2012 ![Los Angeles Times logo](/sites/default/files/styles/246w/public/assets/images/con_032838.jpg?itok=d4eVwIbD)>

Excerpt from [Los Angeles Times](http://www.latimes.com/business/la-fi-fed-audit-20120726,0,5376060.story) -- "'Ron Paul is part of a long tradition of challenging the central bank's right to exist,' [Sylla](http://www.stern.nyu.edu/faculty/bio/richard-sylla) said. 'I'm suggesting there is more to the Paul bill than just Congress' legitimate need to know what the Fed is doing.'"

[Read more](http://www.latimes.com/business/la-fi-fed-audit-20120726,0,5376060.story)