"The fight of our lives."
Quick, what comes to mind? The war against terrorism? The hubbub over climate change?
Well, for Sen. Rand Paul, R-Ky., the answer is a bill to require an audit of the Federal Reserve, according to a video.
Reports began circulating that Paul is threatening to hold up the nomination of Janet Yellen to be the next Fed chair until the Senate gives the audit bill an up-or-down vote. With the rules of the body, any senator can request an informal "hold" on a measure. It would typically take at least 60 votes to move the nomination ahead.
Paul recently voted against the measure to suspend the debt ceiling and end the partial shutdown of the federal government.
The call for an audit of the Fed is nothing new. Paul's father, former Rep. Ron Paul, R-Texas, also has pushed for a fuller audit of the central bank. When pressed on the subject by the elder Paul in congressional hearings, Fed Chairman Ben Bernanke noted that he would oppose an effort to give a full accounting of conversations held in meetings of the Federal Open Market Committee. Bernanke has argued that a degree of confidentiality is needed so that the group can effectively decide monetary policy, including the direction of interest rates.
Asked for reaction, economist Robert Brusca with Fact and Opinion Economics said, "I can only guess that his dad told him, 'If you can't do something positive be sure to do something negative.'"
The White House says Yellen will begin meeting with senators next week. There's been no serious indication that the Yellen nomination faces real trouble. The nomination requires votes by the Senate Banking Committee and the full Senate, both controlled by Democrats who largely support Yellen. President Barack Obama's nomination has drawn widespread praise, with some caution expressed by a few Republicans. An aide said the committee expects to hold a hearing on the nomination in November.
How do you feel about the Yellen nomination?
Follow me on Twitter: @hamrickisms.