# Prof. Kim Schoenholtz's blog post on the Federal Reserve Transparency Act is featured

1 Faculty News March 4, 2015 ![Huffington Post logo](/sites/default/files/styles/246w/public/assets/images/huffpost192x144.jpg?itok=sF2Y0c9v)>

Excerpt from [The Huffington Post](http://www.huffingtonpost.com/stephen-g-cecchetti/the-congressional-reserve-board-bad-idea_b_6782866.html) -- "While the Federal Reserve Transparency Act of 2015 - aka, the 'Audit the Fed' Act - doesn't shut down the Federal Reserve, it would go a long way to putting Congress directly in charge of monetary policy and to weakening the Fed's effectiveness as a lender of last resort."

[Read more](http://www.huffingtonpost.com/stephen-g-cecchetti/the-congressional-reserve-board-bad-idea_b_6782866.html)